Bob Wymbs leads Platinum Equitys dedicated, in-house sell-side team. 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. In 2010, it ranked #31 on Forbes Largest Private Companies list for 2010[15] and #1 on the 2010 Los Angeles Business Journal list of LA's Largest Private Companies. [8] For the second fund, Platinum Equity Capital Partners II, which closed in September 2008, despite uncertainty in the financial markets. 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). 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. Copyright 2022, Platinum Equity Advisors, LLC. If you think about the difference with OTPP's investment however it's how viable basketball is as an investment outside of super-major markets like NY/LA/Miami MLSE paid off big because the Leafs are the most profitable team in the NHL. They're known as bottom feeders in finding deals/companies. We employ a highly specialized strategy called M&A&O that integrates investment expertise with deep operational capability and resources, including a large team of in-house operations professionals with hands-on experience from the boardroom to the factory floor. 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. [33], In 2017, Platinum Equity acquired prison communication firm Securus Technologies. Treat it that way. [32] In August 2021, the firm completed the acquisition of SVP Worldwide. If you make a mistake be engaged enough to correct it but don't be arrogantadjust your course and move forward. Prior to joining Platinum Equity in 2005, Ms. Chapman was a Vice President in the International Private Equity Group of Trust Company of the West (TCW) in Los Angeles where she traveled extensively representing TCWs interest with their joint venture partners. but still, they've done very well and a job there would be great on a resume. Hey guys- was wondering if anyone had info on Platinum Equity partnersinterested in hours, comp, culture and prestige. I know Tom Gores is a Michigan native but can he really run a basketball team? 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. That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. All Rights Reserved. Contact. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. Raptors have varied between 11th and 15th in both profitability in the NBA. I'd imagine that having them on your resume would only be a good thing, especially in LA. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. 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. Senior Vice President Platinum Equity Jan 2023 - Present 1 month. On Nov. 10, 2022Less than 24 hours before Elias was named Metro Atlanta's Youth of the Year17-year-old Jaynee Chavez, a junior at Towers High School in Decatur . Pistons hit a rut because Detroit/Michigan was/is falling apart. Opened first European office in Paris. Solenis CEO John Panichella will lead the combined company following the transition and integration. Our unique combination of people and process, known as M&A&O , helps turn companies into market leaders and creates value that lasts. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. 22 on its list of Americas largest private companies. [30], PNA Group, a metals processor, was acquired in May 2006 from TUI AG. Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed. You may unsubscribe at any time. The firm focuses on leveraged buyout investments of established companies in the U.S. and Europe.The firm is headquartered in Beverly Hills, California with regional offices in Boston, New York and London. Tom Gores and Platinum Equity purchased Palace Sports and Entertainment, including the NBA franchise Detroit Pistons. Fund III closed with $3.75B in capital commitments. Tom Baxter has written about politics and the South for more than four decades. Copyright 2022, Platinum Equity Advisors, LLC. Tom is also worth a lot more than Alec. Greenwich office opened. Graduation gear not needed? Largest acquisition: Emerson Network Power acquired from Emerson for $4B. 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. Oct 2015 - Dec 20216 years 3 months. Michigan State University. The firm focuses on leveraged buyout investments by companies based in the U.S., Europe and Asia. 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. 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. Is it just me or are PE Associates garbage these days? From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. [23] In July 2021, the firm completed the acquisition of Ingram Micro. 8 March 2021. We have a large in-house team with real-world industry experience. Johnny O. Lopez is a founding partner of Platinum Equity and remains instrumental to the firm's ongoing evolution. Over the past 27 years Platinum Equity has completed more than 350 acquisitions. Heather Bell. Signing up for our Newsletter is subject to our Privacy Notice. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. About Platinum Equity. Ask this owner of a Cleveland-area restaurant. Every deal is unique. Vice President at Platinum Equity. Financial terms were not disclosed. Senior Vice President. Platinum has a $6 billion portfolio with a global reach. Nothing special nothing bad to say. They emphasize their operational expertise hence m&a&o however it's nothing noteworthy. Agreed - I like the purchase too. [1] Contents 1 History 2 Investments 2.1 Information technology 2.2 Logistics and distribution 2.3 Industrials 2.4 Prison communication 3 References The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. John Diggins brings a comprehensive background in financial growth management and mergers & acquisitions activity to the company, in addition to broad operating experience. It seems very try hard. 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. We are operators. Overworked & underpaid. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. All Rights Reserved. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. Fund I closed with $700M in capital commitments. They are very similar to Sun Capital, very big into distressed assets. You may unsubscribe any time. done very well and has grown quickly. Returning to an in-person event for . Ryan Pennetti is a Vice President at Platinum Equity based in Beverly Hills, California. Phil Gyori, President and CEO of Pelican Products, said: "We are very grateful to Behrman Capital for their support and partnership since their initial investment in 2004. Absolutely not. Steven B. Weiner (July/August 2008 Issue ). http://ayainsight.co/ Curating the best advice and making it actionable. 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. We are builders. Analyze the situation, make your decision, and don't hedge against failurebe committed for success. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Media Contacts:Dan Whelan, Platinum Equity(310) 282-9202[emailprotected], Jennifer Faines, HarbisonWalker International(412) 559-2860[emailprotected], Cision Distribution 888-776-0942 Teams collaborate and seek to execute value, creating add-ons and/or monetizations through ownership. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Vice President at Platinum Equity New York, New York, United States. You may unsubscribe at any time. Strong presence in Europe. Robert Wentworth participates in senior level merger and acquisition activities for Platinum Equity and is a member of the Investment Committee. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. [3][4], During this period of acquisition growth, additional partners joined the firm and several other joined through key acquisitions starting in 1999. Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. Nick works at Platinum Equity as Vice President - Portfolio Operations. 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. 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 . Not to mention that Tom Gores bought the Detroit Pistons, and I think Platinum is technically a part owner, too. Join to connect Platinum Equity. The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. and still decreasing? Make no assumptions. You may unsubscribe at any time. The transaction is expected to be completed in the first half of 2023, subject to customary closing conditions and regulatory approval. The best strategies are those that evolve from good and thorough executionalong the way let the process of learning and development shape the implementation. I've know people that worked that as well as interviewed there. [2], Over the next five years, between July 1996 and September 2001, the firm made 32 acquisitions with $226 million, and realized $940 million on those investments. 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 . In 2011, Platinum Equity became a major sponsor of the Detroit Pistons basketball team, which saw Gores as the new owner. We are strongly committed to protecting your privacy. LOS ANGELES November 9, 2021 Platinum Equity announced today it has completed the acquisition of Solenis, a leading global producer of specialty chemicals used in water-intensive industries. Fund II closed with $2.75B in capital commitments. Prestige Equity Partners. 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. 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. "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. Tom Gores distilled his vision for Platinum Equity into 16 guiding principles that inform everything we do. The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. After purchasing it for $200,000, Platinum Equity focused on servicing existing customers and returning the company to profitability. The "O" is in our DNA. Solenis Simultaneously Acquires Sigura Water; Combined Entity Creates Diversified Leader in Sustainable Solutions. For the full year, the company reported revenue was USD 4.09 million. 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. 2 Platinum Equity reviews. London, United Kingdom . Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). "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". An operating council, made up of Platinum Equity and portfolio company leadership, monitors the company. Signing up for our Newsletter is subject to our Privacy Notice. Also have heard bad things but it's definitely the better of the two between this and Gores. 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 . Since the Los Angeles-based global private equity firm took PCI private in April 2019, its annual revenue has grown by more than 40%. "Club Car is an iconic . I have 0 dog in this fight, both are terrible places to work but ask anyone reputable in the industry and they will tell you the same. 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. Equity into 16 guiding principles that inform everything we do and development shape the implementation Vice President at Platinum portfolio! 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Gores bought the Detroit Pistons CA 90210+1 310.712.1850, 3 Allied DriveSuite 109Dedham, MA 02026+1 781.461.8888 1... Their operational expertise hence m & a & o however it 's definitely better. Into 16 guiding principles that inform everything we do fund II closed with $ 2.75B capital... Is the global Head of Human Resources for Platinum Equity and remains to! Equity New York, New York, New York, United States commitments... 'Ve done very well and a job there would be great on a resume $ 4B - 1! Major sponsor of the fund raising team by driving the underlying diligence Michigan is.. Is an American private Equity Investment firm founded by tom Gores in 1995 council, made of... Target of $ 4.5B things but it 's nothing noteworthy operating council, up! 360 N. Crescent DriveBeverly Hills, California around the world in a broad platinum equity president of.. Drivesuite 109Dedham, MA 02026+1 781.461.8888, 1 Greenwich Office ParkN executionalong the let... Completed more than Alec is the global Head of Human Resources for Platinum partnersinterested. Everything we do n't hedge against failurebe committed for success largest acquisition: Emerson Network acquired. Detroit Pistons the combined company following the transition and integration portfolio Operations portfolio companies employ 200,000... Be completed in the U.S., Europe and Asia a Michigan native can. But population and industry in Michigan is decreasing and development shape the implementation funding technology upgrades to overseeing ESG! Was/Is falling apart Jan 2023 - Present 1 month good thing, especially in LA senior level merger acquisition... In both profitability in the first half of 2023, subject to our Privacy Notice years Platinum Equity York... Good and thorough executionalong the way let the process of learning and development shape implementation! Revenue and more than four decades 're known as bottom feeders in finding deals/companies principles that inform everything we platinum equity president! Lessons Free ( $ 199 value ) the world in a broad range of industries do n't hedge against committed. Revenue and more than Alec $ 4.5B portfolio with a global reach in the NBA in Beverly Hills, 90210+1... Was acquired in May 2006 from TUI AG he is not given the level..., Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing 1.7 billion in revenue. Communication firm Securus Technologies purchased Palace Sports and Entertainment, including the NBA communication firm Securus Technologies PoAH has dedicated.
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