BofA Securities and Goldman Sachs led the debt financing for the acquisition. Hey guys- was wondering if anyone had info on Platinum Equity partnersinterested in hours, comp, culture and prestige. 1K followers 500+ connections. 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. Probably have a box at the Staples Center, at least. In addition to our core buyout capabilities, Platinum also has a growing, dedicated team of professionals focused on credit opportunities. The "O" is in our DNA. [19], In October 2004, the firm completed the acquisition of CompuCom Systems, Inc. which was one of the largest public-to-private transactions in 2004. Our unique combination of people and process, known as M&A&O, helps turn companies into market leaders and creates value that lasts. M&A&O is a proprietary approach that helps us create value at every stage of aninvestment, from beginning to end. Platinum's credit team is applying the firm's fundamental operations-focused approach to the credit asset class, investing in the private and public debt of underperforming, undermanaged, undervalued companies, primarily in North America. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. A free inside look at company reviews and salaries posted anonymously by employees. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. [32] In August 2021, the firm completed the acquisition of SVP Worldwide. 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. Comp is solid, VP out of Boston makes over $1mm all-in (not sure of the breakdown). [5][6][7], The firms first fund, Platinum Equity Capital Partners, was raised in 2004 and had a 62.5% net internal rate of return as of June 30, 2009. By clicking Submit you agree to receive communications from us. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. 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. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Senior Vice President at Platinum Equity Los Angeles, California, United States. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mr. Kelln joined Platinum Equity from Nortek, Inc, where he served as Senior Vice President and Chief Operating Officer of the $2.4 billion diversified global manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products. In the same year, Platinum executed its largest acquisition and largest divestiture to date. About. Itaque corrupti enim atque quidem repudiandae perferendis officia dolorem. Read Sun-tzu, The Art of War. The firm focuses on leveraged buyout investments by companies based in the U.S., Europe and Asia. Platinum Equity, LLC is an American private equity firm founded in 1995 by Tom Gores. NDC president and CEO Mark Seitz will continue to lead the business under Platinum . [8] For the second fund, Platinum Equity Capital Partners II, which closed in September 2008, despite uncertainty in the financial markets. 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. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. They're known as bottom feeders in finding deals/companies. plus their "office" is a mansion, Tom Gores - Platinum Equity (Originally Posted: 06/01/2008). Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. Be open to almost all situations, but be stubborn on your values and principles. The best strategies are those that evolve from good and thorough executionalong the way let the process of learning and development shape the implementation. Click this link for the original source of this article. He also has responsibilities related to post-transition monitoring and oversight of operational performance at certain portfolio companies. Find a full list of M&A deals here. Selenium Conference, the leading community conference for Selenium and WebDriver users, today announced the full speaker lineup for SeleniumConf Chicago 2023. Ryan Pennetti is a Vice President at Platinum Equity based in Beverly Hills, California. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. Tom went out on his own and started Platinum. 8 March 2021. We are change agents. 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. The portfolio Operations team works closely with management, applying an approach that typically requires an extended on-site presence. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Also have heard bad things but it's definitely the better of the two between this and Gores. "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. Elemental Holding SA, a global urban mining and recycling company that originated in Poland and now has headquarters in Luxemburg, says it has completed a $290 million equity private placement from a group of international financial institutions led by the International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A. (PFR). Tom Gores founded Platinum Equity Holdings with $200K in seed capital. but office is ridiculous. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout . Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. [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. Report this profile . All Rights Reserved. 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. You may unsubscribe at any time. [1], Platinum Equity was founded in 1995 by Tom Gores. Sean Ryan, President of McGraw Hill's School Group, said: "Achieve3000 and McGraw Hill are a natural fit. The two endowments cannot stand separatethey only work hand-in-hand. The M&A&O team is involved from the beginning, starting as early as the management presentation. [21] The business was sold to Court Square Capital Partners in 2007. Raptors have varied between 11th and 15th in both profitability in the NBA. London office opens. [20] Then, in December 2004, the company acquired General Electric's IT Solutions division. You may unsubscribe any time. With the DTE theater and PoAH @ 350 mm, that's a dead steal. By clicking Submit you agree to receive communications from us. Join to connect Platinum Equity. 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. seven continents. Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. She is a key member of the team that works with the Limited Partners. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers. They are very similar to Sun Capital, very big into distressed assets. 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. Is it just me or are PE Associates garbage these days? In that capacity, he is responsible for managing a broad range of strategic divestiture opportunities throughout Platinum Equitys portfolio. Platinum Equity said it will seek additional opportunities to help the combined company grow both organically and through additional acquisitions in key product areas and geographies. You may unsubscribe at any time. [33], In 2017, Platinum Equity acquired prison communication firm Securus Technologies. Singapore office opened. Fund III closed with $3.75B in capital commitments. 360 N. Crescent DriveBeverly Hills, CA 90210+1 310.712.1850, 3 Allied DriveSuite 109Dedham, MA 02026+1 781.461.8888, 1 Greenwich Office ParkN. 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. Overall, just more intense than some other PE firms I've met with. You may unsubscribe any time. Engage via Email. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. [2] BusinessWeek ranked the firm number 10 on its 1999 list of the countrys top 20 private IT organizations, based on 1998 revenues. You may unsubscribe any time. To grow, you must extend your abilities. 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. Williams Communications first billion-dollar portfolio company. Consider facts but let solid judgment prevail. 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. 2x the grease cleaning . Chanced upon Tom Gores' profile while reading the forum topic on "best offices". Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that. You may unsubscribe at any time. 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. Contact. Fund V closed with $10B in capital commitments. pls and thank you. Great buy. Senior Vice President at Platinum Equity Columbus, Ohio, United States. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Email. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Platinum Equity specializes in mergers, acquisitions and operations . Both companies were distributors of radiology products like film, chemicals and lead shields. Tom is also worth a lot more than Alec. Senior Vice President. 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Equity & # x27 ; s Investment Committee a Partner, President of Portfolio Operations works... Mansion, Tom Gores in finding deals/companies profile while reading the forum topic ``. Limited Partners all situations, but be stubborn on your values and principles year, Platinum Equity in to. And information from us subject to our core buyout capabilities, Platinum also has a growing, team... If anyone had info on Platinum Equity ( Originally posted: 06/01/2008 ) geographies, industries and transaction.... Pe firms i 've met with business under Platinum and has over 27 years of transacting across,... Science in business ( Accounting and Finance ) from Indiana University 's Investment Committee companies employ approximately 200,000 around...
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