[32] In August 2021, the firm completed the acquisition of SVP Worldwide. Platinum completed first IPO: Ryerson. Sean Ryan, President of McGraw Hill's School Group, said: "Achieve3000 and McGraw Hill are a natural fit. Broad range w/ some smaller MM deals ($100-$200mm) and larger $1B+ transactions. Headquartered in Wilmington, Delaware, Solenis supplies innovative specialty chemicals and services for process, functional and water treatment applications in two primary segments: Consumer Solutions (consumer and food packaging, graphic paper and tissue and towel markets) and Industrial Solutions (core water treatment and wastewater markets). Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. He works closely with the firm's Operations Team as well as portfolio company executive management to drive strategic initiatives and to deploy operational resources. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. Platinum Equity Buys GE's IT Solutions.. [25] Merry X-Ray acquired SourceOne Healthcare Technologies from Platinum Equity in November 2005. One of those lights, slightly brighter than the rest, will be my wingtip passing over. Nick is based out of Columbus, Ohio, United States and works in the Venture Capital and Private Equity Principals industry. Seton Hall University. M&A Operations professionals dig in to create value at the earliest stages of diligence, while Portfolio Operations specialists manage transitions and drive ongoing transformation programs. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. Mary Ann Sigler joined Platinum Equity in 2004. You may unsubscribe at any time. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. Our model gets smarter over time as more people share salaries on Glassdoor. Sorry, you need to login or sign up in order to vote. "Staples Australia and New Zealand rebrands as Winc after Platinum Equity buyout", "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity", "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". And yes I know that only one of the players is still on their original team, but it would've been a different field and the Pistons could very well have been a viable team to acquire some of the free agents that were out there last year. Senior Vice President. Platinum Equity specializes in mergers, acquisitions and operations - a trademarked strategy it calls M&A&O - acquiring and operating companies in a broad range of business markets . First public-to-private acquisition: Tanning Technology Corporation. Phil Norment is a member of Platinum's Investment Committee and is a senior advisor on specific operational initiatives throughout the portfolio. In that role he had responsibility for Emerson's mergers and acquisitions, strategic planning and corporate technology functions as well as Emerson Network Power's connectivity solutions business. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. You can have a great strategy, but if you dont have the people to execute, you have nothing. Platinum Equity Completes Acquisition of GE IT Solutions; Former General Electric Unit Will Be Integrated With CompuCom Systems, Inc". Report this profile . We are strongly committed to protecting your privacy. By clicking Submit you agree to receive communications from us. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. Tom Gores of Platinum Equity buying Detroit Pistons (Originally Posted: 04/18/2011), http://dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/. I've dealt with them once they were the sponsor on my transaction. Senior Vice President. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Platinum Equity Salaries How much do Platinum Equity employees make? Also, lol at the guy banging his brother's wife. Siguras industry-leading position in the pool solutions market and innovation-focused team complement our current offerings. Click this link for the original source of this article. HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio Investment in Hong Kong-based undergarment and swimwear company led by Platinums Singapore investment teamLOS ANGELES Acquisition will expand Solenis product offering and strengthen its ability to supply cost-effective, sustainable sol HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p Investment in Hong Kong-based undergarment and swimwear comp Acquisition will expand Solenis product offering and stre Copyright 2022, Platinum Equity Advisors, LLC. Gale, part of Cengage Group, is pleased to announce that it has received five platinum awards, one gold and an honorable mention award in LibraryWorks' ninth annual Modern Library Awards (MLAs). [26] In early 2019, Platinum Equity completed the purchase of customs broker and freight forwarder Livingston International for an undisclosed sum, acquiring the firm from Sterling Partners and the Canada Pension Plan Investment Board. Robert Baird, CEO of Sigura, remains as president of the new Pool Solutions division at Solenis. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. What is the culture like? Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. Contact Number (310) ***-**** Engage via Phone. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Platinum Equity. Tom Gores and Platinum Equity purchased Palace Sports and Entertainment, including the NBA franchise Detroit Pistons. Unicredit: morgan stanley raises target price to eur 17 from eur. 2 Platinum Equity reviews. By clicking Submit you agree to receive communications from us. The Raptors are not. Strong presence in Europe. Nick works at Platinum Equity as Vice President - Portfolio Operations. When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistr Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. As an industry agnostic firm investing for more than 27 years, we have extensive experience across a wide range of sectors and transaction types. Cascade dares America to experience the first-ever cleaning system to deliver cabinet-ready dishes without any extra steps guaranteed Today, Cascade, America's most recommended dishwasher . That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. Senior Vice President at Platinum Equity Santa Monica, California, United States. The M&A&O team is involved from the beginning, starting as early as the management presentation. Join to connect Platinum Equity. HWI to join forces with Imerys SA's High Temperature Solutions business, creating a global refractories provider with a comprehensive product portfolio and expanded reach. NDC president and CEO Mark Seitz will continue to lead the business under Platinum . I think Gores is so interested in the Pistons because he is a native of metro Detroit and attended Michigan State for his undergrad. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. We are responsible stewards of capital who manage ~$36 billion of diversified assets. The deal is expected to be completed in the first half of 2021. The two endowments cannot stand separatethey only work hand-in-hand. You may unsubscribe at any time. Make no assumptions. Probably have a box at the Staples Center, at least. Platinum has a $6 billion portfolio with a global reach. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. About Platinum Equity. We are excited to continue investing in its growth.". All Rights Reserved. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. Building, Floor 2Greenwich, CT 06831+1 203.930.2010, 52 Vanderbilt Avenue21st FloorNew York, NY 10017+1 212.905.0010, 5 Hanover Square1st FloorLondon W1S 1HQUnited Kingdom+44 (0) 20.3535.0899, 12 Marina View#21-05 Asia SquareTower 2Singapore 018961+65 6709 4090. 8 March 2021. Columbia College. We believe our commitment to the O sets us apart from other firms and helps us build strong, healthy companies and create meaningful long-term value. With this merger, Solenis is expanding its portfolio to include the residential and commercial pool water and spa treatment markets of Sigura. Thanks in advance. 1K followers 500+ connections. Blood, whips and guns or dollars.". Platinum Equity went global: Acquired Alcatel (NextiraOne Europe). What seems impossible can be achieved when you have passion for your work. Read Sun-tzu, The Art of War. Not to mention Gores (1987) has less AUM than Platinum even though Platinum (1995) is the newer firm and Tom left Gores to found Platinum. 11/30/2022 3:22 PM. Platinum Equity, LLC is an American private equity firm founded in 1995 by Tom Gores. Signing up for our Newsletter is subject to our Privacy Notice. ''You can fool some of the people all of the time, and those are the ones you need to concentrate on.'' He was national editor and chief political correspondent at the Atlanta Journal-Constitution, and later edited The . You may unsubscribe any time. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. We are strongly committed to protecting your privacy. Copyright 2022, Platinum Equity Advisors, LLC. In 2021, SVP Worldwide was acquired by Platinum Equity ( www.platinumequity.com ), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately . At the time of acquisition, PNA included three companies. By clicking Submit you agree to receive communications from us. The purchase price, together with the $181 million in accumulated profits, represented 27 times Platinums original investment of $17.5 million just two years earlier. Yakima Valley Vintners (YVV), Yakima Valley College's teaching winery, received multiple honors at the prestigious 2022 Great Northwest Wine Platinum Competition.YVV's 2017 Red Backpack Red Wine received double platinum while the 2018 Dean's List Merlot and 2017 Senioritis Red Blend each . Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. Prior to joining Platinum Equity in 2010, Mr. Price served as a Senior Vice President at Houlihan Lokey and as a Senior Associate at Goldsmith Agio Helms (now Lazard Middle Market). Richard Dinh works as a Vice President, Transformation (US) at Platinum Equity, which is an Investment Banking company with an estimated 300 employees; and founded in 1995. Previously Mr. Kelln was a senior executive at Jacuzzi Brands, Inc. where he served as President of Jacuzzi, Inc. Is it just me or are PE Associates garbage these days? Anyone have any insight? The company was founded in 1995 by its current CEO, Tom Gores, a California billionaire who has a net worth estimated at $3.3 billion and. Graduation gear not needed? Vineyard & Winery Technology Program earn honors at the Great Northwest Wine Platinum competition. Our current portfolio of ~50 companies operates in a diverse range of industries, generates $89+ billion of aggregate revenue and employs ~200,000 people across the globe. Responsible for IT due diligence at Platinum Equity, a private equity firm specializing in the merger, acquisition, and . Bob Wymbs leads Platinum Equitys dedicated, in-house sell-side team. Never knew that, but that is what I call a fucking story. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. LOS ANGELES--(BUSINESS WIRE)--Platinum Equity, a global acquisition firm uniquely specialized in the operation of mission-critical technology companies, today announced that Brian P. McDonald. Team crumbles just like the city. Yes, He and his brother started the Gores Group. They had a big falling out with one of the brother sleeping with the other one's wife. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. What are the goals of a Director of the U.S. Mint? We then work with our companies to build market leaders and drive enterprise value through operational best practices, investments in growth and other transformational initiatives. You may unsubscribe any time. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Mr. Barnhill holds an undergraduate degree in business management from Loyola Marymount University. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. I know with MLSE the big money maker is the Leafs (regardless of how terrible they are, there is no shortage of fans willing to pay for its expensive seats - and if not them, corporations that buy them for clients and etc.). Platinum Equity Leadership - Jason Price Greenwich 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010 M&A Jason Price Managing Director Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Small Cap Fund closed with $1.5B in capital commitments. [27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. But I'm curious how it's going to work - if he's putting in his own capital and capital comes from the Platinum level too. Platinum Equity Closes $2.75 Billion Private Equity Fund. Alden to sell Metrorolical and imaging operations.. [22] In 2014, Platinum Equity acquired 70% ownership of Australian marketing and directory services company Sensis for AU$454 million. there's an extremely high degree of turnover - i've heard because people dont like the culture. Ceo Mark Seitz will continue to lead the business under Platinum the portfolio correspondent at Atlanta. Mm deals ( $ 100- $ 200mm ) and larger $ 1B+ transactions an undergraduate degree in business management Loyola... Concentrate on. box at the Staples Center, at least is to! For our Newsletter is subject to our Privacy Notice 've dealt with them once they were the on... ( 310 ) * * * * * * * - * * - *! Those lights, slightly brighter than the rest, will be Integrated with CompuCom Systems, Inc '' an! Phil Norment is a Partner, President of portfolio Operations and member of Platinum Equity purchased Palace and! 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