Platinum Equity related stories
All articles and analysis
PE trio in $3.3bn Warner Music exitThe record label backed by Bain Capital, Providence Equity Partners and Thomas H. Lee Partners is to be sold to Len Blavatnik’s Access Industries before the end of Q3 2011.
- Colony purchases Miramax for $660m
The Los Angeles-based firm joined the bidding process for Disney's troubled film studio earlier this month.
- LPs demand detailed annual meetings
Limited partners are increasingly vocal about the content annual meetings should include, said panelists at the PEI Investor Relations & Communications Forum on Wednesday.
- Report: Blackstone- and Providence-backed media company teeters on verge of bankruptcy
Newspaper owner Freedom Communications, which the mega-firms helped recapitalise in 2004, is reportedly on the verge of a bankruptcy filing.
- Delphi seeks approval to pay Platinum $30m if bid fails
Platinum entered an agreement to buy almost all of Delphi’s assets for $3.6bn but some Delphi lenders have objected to the arrangement, saying it was conducted in secret.
- HM Capital buys newspaper assets
The Dallas, Texas-based private equity firm is the latest to snap up struggling publications.
- Platinum Equity to acquire auto supplier Delphi for $3.6bn
The Los Angeles-based turnaround firm will operate Delphi out of bankruptcy. General Motors, which filed for bankruptcy Monday, will take over certain Delphi plants and provide the company with $250m in bankruptcy financing.
- Buffett: Newspapers not attractive ‘at any price’
There is no model for the newspaper business capable of stemming what may be ‘unending losses’, the chairman of Berkshire Hathaway said at its annual meeting. Despite the declining market, Platinum Equity recently acquired the San Diego Union-Tribune, and HM Capital is reportedly in negotiations to buy Blethen Maine Newspapers.
- Zell admits $8bn Tribune LBO was 'mistake'
Sam Zell has said he'd been too optimistic about the Chicago-based media company, which in December collapsed under a $13bn debt load. Zell stressed the need to find a new business model for newspapers, likening a potential Tribune merger to asking another company if it wants to 'get vaccinated with a live virus'.
- Platinum to buy San Diego Union-Tribune
The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.