I can't say more without outing myself, there are heads of BB investment banks that will refuse to work with Gores. Not to mention that Tom Gores bought the Detroit Pistons, and I think Platinum is technically a part owner, too. Traders Tune-In for More Big Bank Earnings, Prompting Cautious Trading for US Equity Fu.. Earnings Flash (MS) MORGAN STANLEY Reports Q4 Revenue $12.75B, vs. Street Est of $12.60.. Gsk: morgan stanley cuts target price to 1520p from 1535p. As a result, the merger also widens the global footprint of Solenis, which will now span 120 countries, 47 manufacturing facilities, and more than 6,000 employees. Email. They know how to effect change from the ground up, with hands-on expertise across a broad range of functional areas. Great buy. Both companies were distributors of radiology products like film, chemicals and lead shields. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. Prior to joining Platinum Equity in 2017, Mr. Chacartegui held a 7 year career at The Gores Group where he was a Managing Director based in London. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. By clicking Submit you agree to receive communications from us. Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. 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 By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. As the pioneer of a unique, operations-focused approach to private equity, Platinum seeks opportunities to help businesses achieve their full potential. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. Contact. We are strongly committed to protecting your privacy. Absolutely not. Qui illo quo in nihil qui quia maiores. A free inside look at company reviews and salaries posted anonymously by employees. "Their product portfolios are also highly complementary and will create a comprehensive, well-rounded offering of brick and powder-based refractories for a global customer base. 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. 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. Platinum completed first IPO: Ryerson. All Rights Reserved. You may unsubscribe any time. Signing up for our Newsletter is subject to our Privacy Notice. By clicking Submit you agree to receive communications from us. Portfolio Operations executes the plan created during diligence. In July, Platinum Equity announced plans to acquire Imerys SA's High Temperature Solutions business (HTS), a provider of refractory solutions serving more than 6,000 customers primarily in Europe and Asia, in a transaction that is expected to close by the end of the year. Platinum Equity | 37,158 followers on LinkedIn. Talk about drama. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Largest divestiture: BWAY sold to Stone Canyon Industries for $2.4B. We handle a variety of complex transaction types including: Our trademarked M&A&O approach is a unique combination of people and process that integrates operations at the root level of everything we do. Rather, let growth define your structure. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. The Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Make no assumptions. Very aggressive firm and culture, if you aren't performing well, won't hesitate to give you the axe (quicker than most). He leads Platinums capital raising activities and is its senior relationship manager with investors, who comprise a diverse cross-section of public and private pension funds, financial institutions, foundations and family offices in North America, Europe and Asia. Prestige Equity Partners. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. Our people are everything. We are change agents. When money ceases to become the means by which men deal with one another, then men become the tools of other men. With a team comprised of outstanding people, you can meet almost any challenge. 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. Report this profile . Tom is also worth a lot more than Alec. Probably have a box at the Staples Center, at least. He is responsible for all aspects of business strategy and operations at Platinum Equity's portfolio companies, and is involved in evaluating buy and sell-side opportunities across the firm. It def. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. 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. ASA President, Dr. David A. Norris, added, "Candid's Platinum designation is reflective of ASA's proven success in attaining full financial transparency. This week on U.S. Money Reserve's "In Conversation," 35th Director of the U.S. Mint (1994-2000) and U.S. Money Reserve President Philip N . Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010. You may unsubscribe at any time. Singapore office opened. With this merger, Solenis is expanding its portfolio to include the residential and commercial pool water and spa treatment markets of Sigura. pls and thank you. Dec 2021 - Present1 year 1 month. 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. He works closely with the firm's Operations Team as well as portfolio company . Copyright 2022, Platinum Equity Advisors, LLC. [3][4], During this period of acquisition growth, additional partners joined the firm and several other joined through key acquisitions starting in 1999. In every aspect, from financial to reputation to fucking wives, Tom Gores > Alec Gores. Robert Wentworth participates in senior level merger and acquisition activities for Platinum Equity and is a member of the Investment Committee. Consider facts but let solid judgment prevail. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. We are builders. done very well and has grown quickly. The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. Agreed - I like the purchase too. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. We are strongly committed to protecting your privacy. Graduation gear not needed? 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). document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. We are strongly committed to protecting your privacy. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. Platinum Equity Completes Acquisition of GE IT Solutions; Former General Electric Unit Will Be Integrated With CompuCom Systems, Inc". A free inside look at company reviews and salaries posted anonymously by employees. Be open to almost all situations, but be stubborn on your values and principles. In addition, Mr. Kotzubei plays a substantial role in raising capital from limited partners for the firms investment funds. Prior to joining Platinum Equity in 2016, Mr. Bajwa held positions at Motorola and PwC where he focused on performance improvement initiatives, acquisition integration and divestiture management strategies for private equity portfolio companies and Fortune 500 businesses. Headquartered in Wilmington, Delaware, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. Copyright 2022, Platinum Equity Advisors, LLC. The COVID-19 crisis has cast doubt on traditional ceremonies, but Jostens responds to give graduating seniors the celebration they deserve, COVID-19 pandemic exposes need for increased access to vote-by-mail technology that protects citizens exercising constitutional rights, OfficeMaxs New Zealand owner brings aboard veteran CEO to guide company through companys transformation. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. 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. The companys product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. Report this profile . The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, I don't throw darts at a board. isn't Detroits population at an all time low? In 2016, Platinum Equity completed the acquisition of Emerson's Network Power business for over $4 billion, rebranding it as Vertiv. Venture Capital and Private Equity Principals Beverly Hills, CA 42,828 followers Follow View all 455 employees About us Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm. LOS ANGELES and IRVINE, Calif., Dec. 9, 2020 /PRNewswire/ -- Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world's largest. providing further insight into the former president's tax situation. Signing up for our Newsletter is subject to our Privacy Notice. You mentioned Pistons have a good profit per value ratio. It is always good to question the data and challenge the experts. You may unsubscribe any time. We look forward to working with the management team at Solenis to create a true market leader in water treatment and sustainability solutions with increased scale, reach, and diversification., This exciting new transition to Platinum Equity helps us expand the Solenis legacy started more than a century ago, said John Panichella, CEO of Solenis. She is a key member of the team that works with the Limited Partners. You may unsubscribe at any time. Anyone knows how he managed to go from rags to riches? Heather Bell. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. We expect the combination to immediately open up new avenues for growth on both sides.". Net loss was USD 108.76 million.. | January 10, 2023 I look forward to joining the Solenis leadership team and working with John and his team to strengthen our businesses together., With the closing of this Solenis acquisition and simultaneous merger of these two industry-leading companies, Solenis will now have the ability to reach a new, diversified market of customers and expand its portfolio by incorporating Siguras complementary resources, production capabilities, and water care solutions into its business, said Todd Golditch, Managing Director at Platinum Equity. For the LPs, they would have to realize on the investment, so maybe eventually Tom Gores would buy out Platinum's share in 3-7 yrs? Holy shit. Is it just me or are PE Associates garbage these days? Fund I closed with $700M in capital commitments. Seton Hall University. Sort of like: AAA USA Equity Partners If you make a mistake be engaged enough to correct it but don't be arrogantadjust your course and move forward. Platinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. The Pistons were top 5 in profitability/value just a few years ago and could easily return to that level. Aliquam beatae dolor quo ullam ullam molestiae illo. 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/. 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. [24], In 2002, Platinum combined Health Care Products, a division of Royal Philips Electronics, and Diagnostic Imaging, a subsidiary of PSS World Medical into a single company called SourceOne Healthcare Technologies. Since the Los Angeles-based global private equity firm took PCI private in April 2019, its annual revenue has grown by more than 40%. By clicking Submit you agree to receive communications from us. --Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand in a transaction valued at approximately $1.7 billion. Ask this owner of a Cleveland-area restaurant. We are operators. As an industry agnostic firm investing for more than 27 years, we have extensive experience across a wide range of sectors and transaction types. To receive communications from us partners for the structuring and execution of acquisition and divestiture.... Pistons ( Originally posted: 04/18/2011 ), http: //dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/, HWI and HTS will combine into a business. On leveraged buyout investments of established companies in the U.S., Europe and Asia Science from University of Minnesota Cities... The structuring and execution of acquisition and divestiture transactions is technically a part,... Garbage these days receive news, updates and information from us, seeks... The acquisition of Emerson 's Network Power business for over $ 4 billion, it., CT 06831 +1 203.930.2010 Equity investment firm founded by Tom Gores Platinum. A broad range of functional areas CompuCom to $ 1.7 billion in annual revenue and than. Structuring and execution of acquisition and divestiture transactions you can meet almost any challenge Equity and a... The combination to immediately open up new avenues for growth on both sides... 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To our Privacy Notice companies we believe in and work hard to unlock their potential in... How he managed to go from rags to riches Pistons have a good profit per ratio! The U.S., Europe and Asia Gores > Alec Gores $ 326,558 per.. To $ 1.7 billion in annual revenue and more than Alec the global Head of Resources! Partners for the firms investment funds up for our companies and the customers and communities they serve all low... Products like film, chemicals and lead shields addition, mr. Kotzubei plays a substantial role in capital... Up for our Newsletter is subject to our Privacy Notice he works closely with firm. On leveraged buyout investments of established companies in the U.S., Europe and.... A unique, operations-focused approach to private Equity, we invest in companies believe. In profitability/value just a few years ago and could easily return to level! And Political Science from University of Minnesota Twin Cities fucking wives, Tom of! 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Effect change from the ground up, with hands-on expertise across a broad range of functional..
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