platinum equity president

8 March 2021. "Club Car is an iconic . Fund I closed with $700M in capital commitments. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. The Pistons arguably made one of the worst decisions in sports when they drafted Darko Milicic in the 2003 draft. 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. 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 . Bob Wymbs leads Platinum Equitys dedicated, in-house sell-side team. Platinum Equity (Originally Posted: 02/07/2012). Agreed - I like the purchase too. Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. Successful transactions include BWAY and MACtac. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. In addition to our core buyout capabilities, Platinum also has a growing, dedicated team of professionals focused on credit opportunities. With this merger, Solenis is expanding its portfolio to include the residential and commercial pool water and spa treatment markets of Sigura. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. Aliquam beatae dolor quo ullam ullam molestiae illo. We are operators. 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. Over the past 27 years Platinum Equity has completed more than 350 acquisitions. London, United Kingdom . Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Report this profile . Email. Platinum Equity lists partners, officers. Our people are everything. His unique combination of financial, management, M&A and operational expertise are well suited to helping create value within Platinums portfolio companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. The estimated additional pay is $160,131 per year. Phil Norment is a member of Platinum's Investment Committee and is a senior advisor on specific operational initiatives throughout the portfolio. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. [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. Mr. Kelln also served as President and CEO of RockShox, Inc.; as Senior Vice President at General Cable Corporation; and as a Partner in the Supply Chain Management Practice of Mercer Management Consulting. 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 . 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 . By clicking Submit you agree to receive communications from us. Largest acquisition: Emerson Network Power acquired from Emerson for $4B. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. What is the street's view of having Platinum Equity on your resume? Our unique combination of people and process, known as M&A&O, helps turn companies into market leaders and creates value that lasts. Tom Baxter has written about politics and the South for more than four decades. 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. 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. 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. You may unsubscribe at any time. COVID-19 response illustrates one way the company is driving business transformation and industry reform to make products more accountable Portable sanitation company teams up with King County (Wash.) to protect those unable to adhere to social distancing guidelines, Company joins industry-wide effort that combines resources and expertise to increase production of personal protective equipment, Scottish companys assistance critical in the production of protective visors for healthcare workers. 2x the grease cleaning . Teams collaborate and seek to execute value, creating add-ons and/or monetizations through ownership. Mary Ann Sigler joined Platinum Equity in 2004. but office is ridiculous. [2] BusinessWeek ranked the firm number 10 on its 1999 list of the countrys top 20 private IT organizations, based on 1998 revenues. 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. Business Based on 6 salaries Vice President 3 salaries Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal What are the goals of a Director of the U.S. Mint? All Rights Reserved. Platinum Equity Business Practices Our Business Private Equity As the pioneer of a unique, operations-focused approach to private equity, Platinum seeks opportunities to help businesses achieve their full potential. Treat it that way. Analyze the situation, make your decision, and don't hedge against failurebe committed for success. 2K followers 500+ connections. You may unsubscribe any time. He works closely with the firm's Operations Team as well as portfolio company executive management to drive strategic initiatives and to deploy operational resources. With increasing demand for a world thats safer, healthier and more sustainable, Solenis is well-positioned to continue driving sustainable solutions and delivering measurable results for our customers., The addition of Sigura positions Solenis as a more diversified water treatment leader, with increased profitability and attractive growth opportunities, added Panichella. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum . I've dealt with them once they were the sponsor on my transaction. Which is pretty unacceptable for a team in a metro area of 5 mm people +. 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. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. 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. London, England, United Kingdom Vice President Platinum Equity Oct 2018 - Jan 2023 4 years 4 months. 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. Copyright 2022, Platinum Equity Advisors, LLC. 463 followers 449 connections. He also has responsibilities related to post-transition monitoring and oversight of operational performance at certain portfolio companies. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Founded in 1995, Platinum Equity is a global investment firm with approximately . care to elaborate? School memorabilia manufacturer pivots to providing for essential workers. 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 . Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. seven continents. Overall, just more intense than some other PE firms I've met with. Broad range w/ some smaller MM deals ($100-$200mm) and larger $1B+ transactions. The Behrman team's expertise and resources have been invaluable as Pelican has pursued our strategy to be the global leading protection solutions company. Largest divestiture: BWAY sold to Stone Canyon Industries for $2.4B. 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. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all Details of the sale were not disclosed. Comp is solid, VP out of Boston makes over $1mm all-in (not sure of the breakdown). Very aggressive firm and culture, if you aren't performing well, won't hesitate to give you the axe (quicker than most). 22 on its list of Americas largest private companies. They could've had Melo, Bosh or Wade on their team. [30], PNA Group, a metals processor, was acquired in May 2006 from TUI AG. The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. What is the culture like? Tom went out on his own and started Platinum. Yes, He and his brother started the Gores Group. Join to connect Platinum Equity. 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. One of those lights, slightly brighter than the rest, will be my wingtip passing over. I know Tom Gores is a Michigan native but can he really run a basketball team? Unicredit: morgan stanley raises target price to eur 17 from eur. View Nick Schubert's email address (n*****@platin***.com) and phone number. You may unsubscribe any time. Also, ask why the guy's wife decided to bang the better brother? 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. Every battle is won before it is ever fought- GG. The question is are the Pistons and PoAH on their way up as an investment, at least in a market like Detroit. When one man, for whatever reason, has an opportunity to lead an extraordinary life, he has no right to keep it to himself. Selenium Conference, the leading community conference for Selenium and WebDriver users, today announced the full speaker lineup for SeleniumConf Chicago 2023. Great buy. 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. 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. Returning to an in-person event for . . That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. 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. You may unsubscribe at any time. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Senior Vice President at Platinum Equity Los Angeles, California, United States. Heather Bell. Mr. Barnhill holds an undergraduate degree in business management from Loyola Marymount University. 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 . I don't see any tangible evidence in his experience and with him keeping current management aroundgood luck to him. The "O" is in our DNA. Great mid-tier fund. You may unsubscribe any time. As part of the transaction, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. The Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. PM me if you prefer. Tom Gores distilled his vision for Platinum Equity into 16 guiding principles that inform everything we do. Portable sanitation company updates protocols to routine service process to protect essential workers. Fund III closed with $3.75B in capital commitments. [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. Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed. When typing in this field, a list of search results will appear and be automatically updated as you type. Platinum Equity. Quo eligendi debitis est nihil distinctio. Fucking terrible mistake. By clicking Submit you agree to receive communications from us. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. Read More. Blood, whips and guns or dollars.". "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. Founded 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. Tom Gores and Platinum Equity purchased Palace Sports and Entertainment, including the NBA franchise Detroit Pistons. Anyone have any insight? Alden to sell Metrorolical and imaging operations.. Raptors have varied between 11th and 15th in both profitability in the NBA. You may unsubscribe any time. 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. Hey guys- was wondering if anyone had info on Platinum Equity partnersinterested in hours, comp, culture and prestige. Siguras industry-leading position in the pool solutions market and innovation-focused team complement our current offerings. He was national editor and chief political correspondent at the Atlanta Journal-Constitution, and later edited The . ASA President, Dr. David A. Norris, added, "Candid's Platinum designation is reflective of ASA's proven success in attaining full financial transparency. Our model gets smarter over time as more people share salaries on Glassdoor. PE Co-Investment Associate - Is it Back-Office? Ryan Pennetti's Phone Number and Email. 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. Signing up for our Newsletter is subject to our Privacy Notice. 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. 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. 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. 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. Net loss was USD 108.76 million.. | January 10, 2023 You may unsubscribe any time. Read Sun-tzu, The Art of War. 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. "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. "Platinum Equity News Telstra to sell majority stake in Sensis", "Platinum Equity Completes Acquisition Of Ingram Micro For $7.2 Billion", Merry X-Ray Acquires SourceOne Healthcare Technologies from Platinum Equity., "Platinum Equity Completes Acquisition of Livingston International", "Platinum Equity buys Livingston International", "Platinum to acquire Livingston International from CPPIB, Sterling - PE Hub", "PrimeSource Sold to Different Private Investment Firm", "Platinum Equity Completes Acquisition Of Global Sewing Machine Manufacturer SVP Worldwide", "Under pressure from activists, L.A. billionaire's prison telecom announces reforms", "Dallas-area company that's targeted prison populations realigns structure, broadens reach", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Platinum_Equity&oldid=1129614621, Private equity firms of the United States, Financial services companies established in 1995, Companies based in Beverly Hills, California, Articles with dead external links from May 2020, Articles with permanently dead external links, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 December 2022, at 09:19. They emphasize their operational expertise hence m&a&o however it's nothing noteworthy. Founded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a diverse, global portfolio of operating companies in a wide range of industries. 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. 2x the amount of a new, proprietary enzyme to better fight stubborn starches. Platinum Equity Buys GE's IT Solutions.. [25] Merry X-Ray acquired SourceOne Healthcare Technologies from Platinum Equity in November 2005. In addition, Mr. Kotzubei plays a substantial role in raising capital from limited partners for the firms investment funds. Senior Vice President. Platinum > Gores. 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. Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners. done very well and has grown quickly. 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. We are strongly committed to protecting your privacy. 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. 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. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. [33], In 2017, Platinum Equity acquired prison communication firm Securus Technologies. 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/. Forbes ranks Platinum Equity No. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. 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. She is a key member of the team that works with the Limited Partners. Senior Vice President Platinum Equity Jan 2023 - Present 1 month. Signing up for our Newsletter is subject to our Privacy Notice. 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010. 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. All Rights Reserved. Her responsibilities include Fund audits, track record updates and investor inquiries. 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 . This seal is crucial for financially . 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. Solenis CEO John Panichella will lead the combined company following the transition and integration. Seton Hall University. 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. Steven B. Weiner (July/August 2008 Issue ). Prior to joining Platinum Equity in 2010, Mr. Price served as a Senior Vice President at Houlihan Lokey and as a Senior Associate at Goldsmith Agio Helms (now Lazard Middle Market). 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. Media Contacts:Dan Whelan, Platinum Equity(310) 282-9202[emailprotected], Jennifer Faines, HarbisonWalker International(412) 559-2860[emailprotected], Cision Distribution 888-776-0942 Since the Los Angeles-based global private equity firm took PCI private in April 2019, its annual revenue has grown by more than 40%. 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. [1] Contents 1 History 2 Investments 2.1 Information technology 2.2 Logistics and distribution 2.3 Industrials 2.4 Prison communication 3 References 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. They're known as bottom feeders in finding deals/companies. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. I can't say more without outing myself, there are heads of BB investment banks that will refuse to work with Gores. Greenwich office opened. Is it just me or are PE Associates garbage these days? He then graduated from the Keck School of Medicine at the University of Southern California and went on to become a practicing head and neck surgeon prior to joining Platinum. Make no assumptions. Singapore office opened. WSO depends on everyone being able to pitch in when they know something. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. "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". He also has responsibilities related to post-acquisition monitoring and oversight of operational performance at certain portfolio companies. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. [14] In the last year Platinum Equity has deployed significant capital across a wide spectrum of industries and geographies. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. 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. All Rights Reserved. London office opens. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. Williams Communications first billion-dollar portfolio company. 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. 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 firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout . Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. [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. To succeed, a leader must be accessible to open, consultative lines of communication with his team. 0.5 bb, "Until and unless you discover that money is the root of all good, you ask for your own destruction. Platinum Equity: Portfolio Companies at Work Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. Probably have a box at the Staples Center, at least. 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. on your resume, the exp should like fine. It seems very try hard. But I'm curious how it's going to work - if he's putting in his own capital and capital comes from the Platinum level too. I'm glad people here actually know something about the firm. 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/. Join to connect Platinum Equity. So maybe you can get some season tickets on top of your bonus Haha. Private Equity Forum Apr 22, 2013 Platinum Equity Partners wharton111 IB Rank: Senior Chimp | 25 Hey guys- was wondering if anyone had info on Platinum Equity partners.interested in hours, comp, culture and prestige Region United States - Midwest Log in or register to post comments 2 Comments ( 33) AnalystMonkey2769 PE Rank: Neanderthal 2,653 9y 11/30/2022 3:22 PM. Copyright 2022, Platinum Equity Advisors, LLC. and still decreasing? The portfolio Operations team works closely with management, applying an approach that typically requires an extended on-site presence. Copyright 2022, Platinum Equity Advisors, LLC. 1K followers 500+ connections. Platinum Equity specializes in mergers, acquisitions and operations - a . there's an extremely high degree of turnover - i've heard because people dont like the culture. The two endowments cannot stand separatethey only work hand-in-hand. From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. We believe our commitment to the O sets us apart from other firms and helps us build strong, healthy companies and create meaningful long-term value. [31] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. We have a large in-house team with real-world industry experience. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services. We are change agents. 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. Vice President at Platinum Equity. Find a full list of M&A deals here. Lots of bad teams still fill seats and make good money. "We are excited about the prospects in this space and look forward to putting our M&A and operational resources to work.". document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Associate Director, Deal Advisory KPMG Aug 2008 - Sep 2018 10 years 2 months. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. [11], In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[12][13]. 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. All Rights Reserved. Based on the knowledge acquired during diligence, the M&A Operations team also works hand-in-hand with Platinum Equitys Portfolio Operations group to develop detailed post-acquisition transition, integration and long-term business plans tailored to the needs of the acquired business. Join to connect Platinum Equity. Robert Wentworth participates in senior level merger and acquisition activities for Platinum Equity and is a member of the Investment Committee. Team crumbles just like the city. 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 currently responsible for overall accounting, tax, and financial reporting as well as managing strategic planning projects for Platinum Equity. Mr. Chacartegui holds a MSc. isn't Detroits population at an all time low? You may unsubscribe at any time. As an industry agnostic firm investing for more than 27 years, we have extensive experience across a wide range of sectors and transaction types. With a team comprised of outstanding people, you can meet almost any challenge. Really?! [23] In July 2021, the firm completed the acquisition of Ingram Micro. Solenis is a 2021 US Best Managed Company. for its AUM, i believe comp is slightly below market. Instill faith in your team, and their faith in you will bring reward for all. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. [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. We have the team, the experience and the capital resources to pursue complex transactions of nearly any size anywhere in the world. 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. Signing up for our Newsletter is subject to our Privacy Notice. We are strongly committed to protecting your privacy. We are strongly committed to protecting your privacy. Omnis eveniet et laborum libero aut illo id. Our unique combination of people and process, known as M&A&O , helps turn companies into market leaders and creates value that lasts. You may unsubscribe at any time. Sign up to receive deal announcements. Contact. isn't linear. There are no limits to success as long as you do not set boundaries for yourself, or let others set them for you. Report this profile . For additional information about Solenis, please visit www.solenis.com or follow us on social media. 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. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Ask this owner of a Cleveland-area restaurant. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Small Cap Fund closed with $1.5B in capital commitments. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. Mike Ilitch was originally going to purchase the Pistons, until he found out that they were cooking the books a bit. You can have a great strategy, but if you dont have the people to execute, you have nothing. Ryerson becomes Platinums first billion-dollar acquisition. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Robert Baird, CEO of Sigura, remains as president of the new Pool Solutions division at Solenis. In addition to these responsibilities, Ms. Sigler is the firm's Chief Compliance Officer. The price spiked as . [32] In August 2021, the firm completed the acquisition of SVP Worldwide. In 2017, Platinum Equity completed the acquisition of the Staples business in Australia and New Zealand from Staples Inc., relaunching it as Winc (Work Incorporated). They are part of the IT Strategy team within the Information Technology Department and their management level is VP-Level. Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. the firm initially sought a $1.5 billion leveraged buyout fund and nearly doubled it by raising $2.75 billion. All Rights Reserved. Voluptates consequatur est magnam. All Rights Reserved. The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Pistons hit a rut because Detroit/Michigan was/is falling apart. We are strongly committed to protecting your privacy. 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. Michigan State University. Talk about drama. We generate returns by investing in companies across a wide range of industries that need financial and operational support to unlock their full potential. 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. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. By clicking Submit you agree to receive communications from us. pls and thank you. Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). See you on the other side! Founded in 1907, its service-intensive business model relies on more than 1,400 highly trained sales technicians operating onsite at customer locations around the world. Portfolio Operations executes the plan created during diligence. By clicking Submit you agree to receive communications from us. 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. Vineyard & Winery Technology Program earn honors at the Great Northwest Wine Platinum competition. Platinum has a $6 billion portfolio with a global reach. When money ceases to become the means by which men deal with one another, then men become the tools of other men. 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. 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. They are very similar to Sun Capital, very big into distressed assets. He is also the senior executive responsible for evaluating acquisition opportunities and integrating new acquisitions into the portfolio. He was a member of Emerson's Office of the Chief Executive. M&A&O: Platinum Equity trademarked its paradigm-shifting approach. 10 on its annual list of the countrys top private IT organizations. Sorry, you need to login or sign up in order to vote. Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. 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. We are strongly committed to protecting your privacy. Copyright 2022, Platinum Equity Advisors, LLC. We then work with our companies to build market leaders and drive enterprise value through operational best practices, investments in growth and other transformational initiatives. 2 Platinum Equity reviews. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. i know the junior guys get worked pretty hard. Platinum Equity Closes $2.75 Billion Private Equity Fund. Do you recall where the Raps were with this? 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. "HarbisonWalker has built an impressive organization and we have deep respect for the company's legacy, culture and commitment to serving its customers. You may unsubscribe at any time. Vice President at Platinum Equity New York, New York, United States. While in Platinum Equitys portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations. Never knew that, but that is what I call a fucking story. You may unsubscribe any time. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. 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. You may unsubscribe any time. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. Rather, let growth define your structure. He works closely with the firm's Operations Team as well as portfolio company . As the pioneer of a unique, operations-focused approach to private equity, Platinum seeks opportunities to help businesses achieve their full potential. I've know people that worked that as well as interviewed there. The Raptors are not. The best plan is worthless without a strong team to execute it. 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. in business and finance from University of Deusto. 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. The company was founded in 1995 by its current CEO, Tom Gores, a California billionaire who has a net worth estimated at $3.3 billion and. First fund sale: ACR Logistics sold to Kuehne+Nagel International. First public-to-private acquisition: Tanning Technology Corporation. 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. Signing up for our Newsletter is subject to our Privacy Notice. 101 Investment Banking Interview Questions, Certified Investment Banking Professional - Director, Certified Private Equity Professional - Vice President, Certified Equity Research Professional - 2nd Year Associate, Certified Asset Management Professional - Senior Vice President, Certified Hedge Fund Professional - 3rd+ Year Analyst, Certified Venture Capital Professional - Principal, Venture Capital 4-Hour Bootcamp - Sat Jan 21st - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Private Equity Interview 1-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats. It is always good to question the data and challenge the experts. Copyright 2022, Platinum Equity Advisors, LLC. The combined company generates approximately $3.5 billion of revenue and serves a diverse range of customers around the world in consumer, industrial, and pool water treatment markets. 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). Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. It is a great buy. Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. or Want to Sign up with your social account? [21] The business was sold to Court Square Capital Partners in 2007. A free inside look at company reviews and salaries posted anonymously by employees. OUR YOUTH ARE PERISHING. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 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. By clicking Submit you agree to receive communications from us. Solid prestige. 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. Fund II closed with $2.75B in capital commitments. 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. Nick works at Platinum Equity as Vice President - Portfolio Operations. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. These acquisitions included a call center (Foresight Software), networking gear (Racal Electronics), and voice and data service (Williams Communications). Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. 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. Contact Number (310) ***-**** Engage via Phone. The business development team sources and screens opportunities. We are very excited to partner with this world-class management team and to continue seeking new opportunities to grow Solenis through organic growth initiatives and strategic M&A.. Initially, its name appeared on the Pistons' court at their then-home arena, The Palace of Auburn Hills, but when they moved to the new Little Caesars Arena in downtown Detroit, the firm's name was applied to that arena's home court as well. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. The day the team stops coming forward with issues is the day you stop being a leader. [34] In 2019, Platinum Equity announced plans to reorganize the company as a more diverse technology company, and created Aventiv Technologies as Securus' new corporate parent.[34][35]. Richard Dinh works as a Vice President, Transformation (US) at Platinum Equity, which is an Investment Banking company with an estimated 300 employees; and founded in 1995. 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. Autem quod harum cumque inventore est quae. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Platinum Equity went global: Acquired Alcatel (NextiraOne Europe). It def. 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. Responsible for IT due diligence at Platinum Equity, a private equity firm specializing in the merger, acquisition, and . 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. We are strongly committed to protecting your privacy. New Cascade Platinum Plus is launching with support of a national integrated marketing campaign that encourages viewers to "Dare to Dish Differently" and is now available in stores nationwide and online. If you make a mistake be engaged enough to correct it but don't be arrogantadjust your course and move forward. First acquisition: Litigation Services, Inc. Business Week ranked Platinum Equity Holdings No. Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $6 billion of assets under management and a portfolio of more than 25 operating. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. [20] Then, in December 2004, the company acquired General Electric's IT Solutions division. Retail prices are at the sole discretion of the retailer. How much do Platinum Equity employees make? 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. 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. 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. lots of turnover and people are genuinely terrible to work with. Our Firm Our People Years in Business 27+ Acquisitions to Date 350+ On this Wikipedia the language links are at the top of the page across from the article title. Senior Vice President at Platinum Equity Santa Monica, California, United States. In the same year, Platinum executed its largest acquisition and largest divestiture to date. About. AUM probably $5-7B range, possibly higher. 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. Voluptatem atque saepe repellat ducimus assumenda quisquam expedita corporis. They had a big falling out with one of the brother sleeping with the other one's wife. Ali Bajwa is responsible for managing the transition of newly acquired companies into Platinum Equitys portfolio. Platinum Equity | 37,158 followers on LinkedIn. 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. Dont allow organizational structure to determine your growth. 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. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Join to connect Platinum Equity. Experienced capital markets team with ability to provide range of traditional and creative financing solutions. The transaction is expected to be completed in the first half of 2023, subject to customary closing conditions and regulatory approval. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Previously Mr. Kelln was a senior executive at Jacuzzi Brands, Inc. where he served as President of Jacuzzi, Inc. 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. 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. "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. The best strategies are those that evolve from good and thorough executionalong the way let the process of learning and development shape the implementation. 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 . plus their "office" is a mansion, Tom Gores - Platinum Equity (Originally Posted: 06/01/2008). but culture is absolutely horrible there. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. 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. Website: www.platinumequity.com Headquarters: Beverly Hills, CA Size: 10000+ Employees Founded: 1995 Type: Company - Private Industry: Investment & Asset Management Revenue: $10+ billion (USD) Competitors: KKR, MacAndrews & Forbes, Global Infrastructure Management Create Comparison Platinum Equity thinks the companies it owns are just precious. providing further insight into the former president's tax situation. not everyone, but some. The firm capitalized on significant growth in corporate divestiture opportunities. 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