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. or Want to Sign up with your social account? The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout . All Rights Reserved. Vertiv lists on the New York Stock Exchange following business combination with GS Acquisition Holdings Corp. Largest acquisition to date: Ingram Micro closed for $7.2B. All Rights Reserved. Largest acquisition: Emerson Network Power acquired from Emerson for $4B. "The refractories industry is highly fragmented and this combination will create a global platform with meaningful opportunities to further expand," said Platinum Equity Managing Director Malik Vorderwuelbecke. http://ayainsight.co/ Curating the best advice and making it actionable. M&A&O is a proprietary approach that helps us create value at every stage of aninvestment, from beginning to end. OUR YOUTH ARE PERISHING. Platinum Equity, the Los Angeles-based private equity firm, is set to buy the Coraopolis-based manufacturer sometime in the first half of 2023 for an undisclosed sum from the two asbestos. Pistons hit a rut because Detroit/Michigan was/is falling apart. Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. Columbia College. LOS ANGELES, Dec. 14, 2022 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. She is a key member of the team that works with the Limited Partners. Given that if Platinum Equity investors are financing a portion of this, they will seek a 3-7 year exit, I'm not sure how great it is as a PE investment, although Gores might see a great ROI over a longer horizon. You mentioned Pistons have a good profit per value ratio. Current debt conditions for term loan, high yield debt, and mezzanine in LBOs? 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. By clicking Submit you agree to receive communications from us. You may unsubscribe at any time. 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. 22 on its list of Americas largest private companies. You can have a great strategy, but if you dont have the people to execute, you have nothing. We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. 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 . [9][10], In 2009, during the financial crisis, Platinum Equity acquired 14 companies in the first 11 months of 2009, eight of them full buyouts.[9]. For additional information about Solenis, please visit www.solenis.com or follow us on social media. He also has responsibilities related to post-transition monitoring and oversight of operational performance at certain portfolio companies. Led by an experienced and stable senior leadership group, Platinum's people bring M&A&O to life across the full cycle of every investment. You may unsubscribe any time. After purchasing it for $200,000, Platinum Equity focused on servicing existing customers and returning the company to profitability. [8] For the second fund, Platinum Equity Capital Partners II, which closed in September 2008, despite uncertainty in the financial markets. 11/30/2022 3:22 PM. Mike Ilitch was originally going to purchase the Pistons, until he found out that they were cooking the books a bit. It is a great buy. Signing up for our Newsletter is subject to our Privacy Notice. 2 Platinum Equity reviews. Louis Samson leads Platinum Equitys New York/Greenwich and London-based investment teams, manages the operations of the New York, Greenwich and London offices, and is a member of the Investment Committee. We are strongly committed to protecting your privacy. He also has responsibilities related to post-acquisition monitoring and oversight of operational performance at certain portfolio companies. About SolenisSolenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal and pool and spa markets. 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. 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.). Daniel Barnhill is a member of the Investor Relations team and is responsible for global functions connected to capital raising, fund administration and investor relations. Ingram Micro CEO Alain Moni Private equity firm Platinum Equity is acquiring technology distributor Ingram Micro from China's HNA Group for $7.2 billion. Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners. When money ceases to become the means by which men deal with one another, then men become the tools of other men. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum . Making an Impact "We are pleased to provide a divestiture solution that delivers speed and certainty in a challenging M&A market," said Platinum Equity partner Louis Samson. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. Contact. I thought Gores was much more prestigious than Platinum just from talking to ppl in banking/general sentiment on WSO (which i take w/a grain of salt obviously). By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Trump and his wife, Melania, paid $0 in income taxes . 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. Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. Details of the sale were not disclosed. Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. Aut perspiciatis consequatur nulla quae debitis. Senior Vice President. School memorabilia manufacturer pivots to providing for essential workers. As an industry agnostic firm investing for more than 27 years, we have extensive experience across a wide range of sectors and transaction types. Our Firm Our People Years in Business 27+ Acquisitions to Date 350+ seven continents. Jacob Kotzubei is a Partner and member of Platinum Equity's Investment Committee, leads the Los Angeles headquarters-based investment team, and has oversight responsibility for the investment team in Asia. Ask this owner of a Cleveland-area restaurant. Explore The Full Platinum Equity Portfolio. Johnny O. Lopez is a founding partner of Platinum Equity and remains instrumental to the firm's ongoing evolution. Once a company completes its transition, Platinum Equity's dedicated sell-side team works with the operating council to find the right monetization opportunities. [31] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. Platinum Equity is a global private equity firm that specializes in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries. Full Bio Jacob Kotzubei Partner ''You can fool some of the people all of the time, and those are the ones you need to concentrate on.'' i know the junior guys get worked pretty hard. Yes, He and his brother started the Gores Group. 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. 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. Commitment, risk, success, and failure are intertwinedlack of commitment only increases your risk for failure, and equally the ability to commit wholeheartedly has much to do with the ability to succeed. Platinum Equity Buys GE's IT Solutions.. Quo eligendi debitis est nihil distinctio. 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. Bi vit Glenn Youngkin Responds Accordingly to Woke Critics After NoVA Failing Public Schools 'Equity' Scheme Expose xut hin u tin vo ngy Restored Republic. The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. [22] In 2014, Platinum Equity acquired 70% ownership of Australian marketing and directory services company Sensis for AU$454 million. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. Platinum has a $6 billion portfolio with a global reach. Contact Number (310) ***-**** Engage via Phone. The Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Vice President at Platinum Equity New York, New York, United States. Mr. Kelln received his bachelors degree, Summa Cum Laude, from Washington State University and a Masters of Business Administration from The Ohio State University, Fisher College of Business. Greenwich office opened. We are operators. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. The price spiked as . Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. John Diggins brings a comprehensive background in financial growth management and mergers & acquisitions activity to the company, in addition to broad operating experience. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. . 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, LLC is an American private equity investment firm founded by Tom Gores in 1995. Retail prices are at the sole discretion of the retailer. Heather Bell. He is also the senior executive responsible for evaluating acquisition opportunities and integrating new acquisitions into the portfolio. Treat it that way. Analyze the situation, make your decision, and don't hedge against failurebe committed for success. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Teams collaborate and seek to execute value, creating add-ons and/or monetizations through ownership. But I was under the impression that Raptors aren't too shabby in terms of filling seats for games (obviously no where near Leafs level) - the games are typically fairly filled, and similarly companies do have tickets to their games too. Great mid-tier fund. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. We are strongly committed to protecting your privacy. He is married with two children. Tom Gores founded Platinum Equity Holdings with $200K in seed capital. 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. We are strongly committed to protecting your privacy. 463 followers 449 connections. Fund III closed with $3.75B in capital commitments. It is always good to question the data and challenge the experts. Report this profile . Not to mention that Tom Gores bought the Detroit Pistons, and I think Platinum is technically a part owner, too. She became a Certified Public Accountant while working in the audit group of Ernst & Young LLP as a Manager. 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. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Report this profile . Dave Aroesty is responsible for evaluating operational turnaround opportunities in the hospitality industry and other sectors in which real estate provides a strong element of downside protection to the investment thesis. The best plan is worthless without a strong team to execute it. Platinum Equity acquired NDC, healthcare supply chain company, from Court Square Capital Partners. Work Biography for Richard Dinh, Platinum Equity. In the audit group of Piper Sandler served as exclusive financial advisor to Platinum Equity is $ per. At the sole discretion of the firms private Equity buyouts and has over 27 years of transacting across geographies industries. The Detroit Pistons, and i think Platinum platinum equity president technically a part owner, too for essential workers,! Equity, LLC is an American private Equity and remains instrumental to the firm 's evolution... 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