Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. [27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. The estimated base pay is $166,426 per year. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. You may unsubscribe at any time. London, England, United Kingdom Vice President Platinum Equity Oct 2018 - Jan 2023 4 years 4 months. Solenis is a 2021 US Best Managed Company. Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners. isn't linear. He was a member of Emerson's Office of the Chief Executive. in terms of reputation, they are known to be hardasses, low-ballers and to a certain extent, slimeballs. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Also, lol at the guy banging his brother's wife. I think Gores is so interested in the Pistons because he is a native of metro Detroit and attended Michigan State for his undergrad. Also have heard bad things but it's definitely the better of the two between this and Gores. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. Tom Gores founded Platinum Equity, and its his guidance, core philosophies and strong principles that drive the strategic development and direction of both the firm and its portfolio. "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. I'd imagine that having them on your resume would only be a good thing, especially in LA. 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. Vineyard & Winery Technology Program earn honors at the Great Northwest Wine Platinum competition. Johnny O. Lopez is a founding partner of Platinum Equity and remains instrumental to the firm's ongoing evolution. All Rights Reserved. From the way the guy is - very into sports, big bball fan - I'm guessing he wants to hold it long-term, Teachers (OTPP) also own Leafs and Raptors which has done well: http://blogs.forbes.com/nathanvardi/2011/04/15/the-detroit-pistons-and-the-case-for-private-equity-sports-investments/. Overworked & underpaid. 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/. Forbes ranks Platinum Equity No. --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. Senior Vice President. Platinum Equity Closes $2.75 Billion Private Equity Fund. Platinum Equity, LLC is an American private equity firm founded in 1995 by Tom Gores. The two endowments cannot stand separatethey only work hand-in-hand. Just by reading the name I would have assumed it was a real shady place because of the word platinum. Instill faith in your team, and their faith in you will bring reward for all. Full Bio Jacob Kotzubei Partner but office is ridiculous. These firms are seeking to capitalize on the growing gap between the supply of capital for clinical research and the number of drugs competing for it, eight buyout . 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 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. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. You may unsubscribe any time. Sustainability is one of the most vital issues facing companies across the globe, and Solenis will continue to be a leader in bringing sustainable solutions to its customers facing complex challenges like waste elimination and water and energy use reduction, said Jacob Kotzubei, Partner at Platinum Equity. Platinum Equity: Portfolio Companies at Work Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. [25] Merry X-Ray acquired SourceOne Healthcare Technologies from Platinum Equity in November 2005. 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). 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. 463 followers 449 connections. 2x the amount of a new, proprietary enzyme to better fight stubborn starches. 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. [21] The business was sold to Court Square Capital Partners in 2007. Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. During the next few months, we will remain focused on serving our customers while executing our integration, which should be seamless to all our customers. providing further insight into the former president's tax situation. 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. Returning to an in-person event for . By clicking Submit you agree to receive communications from us. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. 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. Fund III closed with $3.75B in capital commitments. You may unsubscribe at any time. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. 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. They emphasize their operational expertise hence m&a&o however it's nothing noteworthy. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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 . LOS ANGELES, April 12, 2021 /PRNewswire/ -- Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction. 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. 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. Aut perspiciatis consequatur nulla quae debitis. What is the street's view of having Platinum Equity on your resume? The Behrman team's expertise and resources have been invaluable as Pelican has pursued our strategy to be the global leading protection solutions company. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. For additional information about Solenis, please visit www.solenis.com or follow us on social media. Which is pretty unacceptable for a team in a metro area of 5 mm people +. Report this profile . 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. Platinum is an alternative asset management firm that invests institutional capital from around the globe. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. These acquisitions included a call center (Foresight Software), networking gear (Racal Electronics), and voice and data service (Williams Communications). Over the past 27 years Platinum Equity has completed more than 350 acquisitions. She is a key member of the team that works with the Limited Partners. but culture is absolutely horrible there. Solid prestige. Click this link for the original source of this article. 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. Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. It is disciplined and process-oriented, and has been market- and cycle- tested for more than 27 years. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. You may unsubscribe at any time. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. 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. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. 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. When not President and CEO of Platinum Equity, Mr. Gores is either on a soccer field or on a basketball court, coaching youth teams, applying the same . You can have a great mission statement, but if you dont have the people who care about it, its not true.. Report this profile . Tom Baxter has written about politics and the South for more than four decades. [1], Platinum Equity was founded in 1995 by Tom Gores. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The Pistons arguably made one of the worst decisions in sports when they drafted Darko Milicic in the 2003 draft. Bob Wymbs leads Platinum Equitys dedicated, in-house sell-side team. Senior Vice President at Platinum Equity Los Angeles, California, United States. Current debt conditions for term loan, high yield debt, and mezzanine in LBOs? Platinum > Gores. Platinum Equity went global: Acquired Alcatel (NextiraOne Europe). The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. 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. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. Hey guys- was wondering if anyone had info on Platinum Equity partnersinterested in hours, comp, culture and prestige. 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 Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. By clicking Submit you agree to receive communications from us. OUR YOUTH ARE PERISHING. Tom is also worth a lot more than Alec. [32] In August 2021, the firm completed the acquisition of SVP Worldwide. What seems impossible can be achieved when you have passion for your work. This seal is crucial for financially . Prior to Jacuzzi, he was an Operating Executive with The Jordan Company, a private investment firm with more than $6.0 billion of capital under management, where he was involved in acquisitions, divestitures and operations for the firm and served as a board member of portfolio companies. Ali Bajwa is responsible for managing the transition of newly acquired companies into Platinum Equitys portfolio. London office opens. [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. Omnis eveniet et laborum libero aut illo id. Qui illo quo in nihil qui quia maiores. PM me if you prefer. Pistons hit a rut because Detroit/Michigan was/is falling apart. [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. Solenis Simultaneously Acquires Sigura Water; Combined Entity Creates Diversified Leader in Sustainable Solutions. Join to connect Platinum Equity. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. [8] For the second fund, Platinum Equity Capital Partners II, which closed in September 2008, despite uncertainty in the financial markets. How much do Platinum Equity employees make? Largest divestiture: BWAY sold to Stone Canyon Industries for $2.4B. isn't Detroits population at an all time low? As we welcome Robert and his team to Solenis, Im excited for this opportunity to move forward together and focus on enhancing our customers profitability, sustainability, and healthier water treatment options., Both the Sigura and Solenis teams have already been working hand-in-hand planning our integration, said Robert Baird, President of the new Pool Solutions segment at Solenis. 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. Platinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. By clicking Submit you agree to receive communications from us. Seton Hall University. They are very similar to Sun Capital, very big into distressed assets. 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. "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. WSO depends on everyone being able to pitch in when they know something. Do you recall where the Raps were with this? Since 1995, Platinum Equity has made over 200 acquisitions across a broad array of industries, including information technology, telecommunications, logistics and distribution, industrials, manufacturing, media, real estate, prison communications and automotive. We have a large in-house team with real-world industry experience. 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. ASA President, Dr. David A. Norris, added, "Candid's Platinum designation is reflective of ASA's proven success in attaining full financial transparency. Signing up for our Newsletter is subject to our Privacy Notice. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. First fund sale: ACR Logistics sold to Kuehne+Nagel International. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. 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.
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