Platinum Equity related stories
All articles and analysis
Delphi cancels $190m deal with Platinum EquityThe deal by the Los Angeles-based firm to purchase Delphi’s steering operations for $190m fell through after the two sides couldn’t come to terms, with General Motors now agreeing to acquire the business.
- OpenGate consolidates Parisian presence
The Beverly Hills-based private equity firm has recruited the Paris-based managing partner of Naxos Capital, Robert Lezec, to head up the company’s global transactions. OpenGate had an active end to 2008, acquiring major stakes in British modelling agency Models 1 and US TV Guide Magazine in December.
- US auto bailout to aid buyout firms
Many private equity firms have exposure to the US auto sector that was teetering on the edge of collapse. The US government's multi-billion efforts to prop up the big three US auto makers will accordingly affect many portfolios, not just Cerberus'.
- Carlyle sells vehicle parts maker to General Dynamics
The US-based mega-buyout firm has exited AxleTech International at a time when the US auto industry is struggling for survival. It purchased the company from Wynnchurch Capital in 2005.
- OpenGate buys TV Guide
The Beverly Hills-based private equity firm has acquired the magazine, which has more than 20 million weekly readers, from media technology company Macrovision Solutions. OpenGate founder and chairman Andrew Nikou formerly managed Platinum Equity's European portfolio.
- Platinum closes second buyout fund on $2.75bn
The Tom Gores-led buyout shop has exceeded its target of $1.5bn, and has already invested the fund in at least four deals.
- Gores Group accesses military expertise
Billionaire Alec Gores’ private equity firm has joined up with The Four Star Group, which counts five former generals among its principals, to pursue investments in military-related sectors.
- Kohlberg picks up shattered Platinum glass deal
Paint and coating supplier PPG has agreed to the divestment of its auto glass business for $330m in cash and equity, roughly $170m less than the price tag on a failed Platinum Equity deal still in court.
- Platinum Equity exits steel processor for $1.1bn
The Tom Gores-led firm will sell PNA Group to Reliance Steel & Aluminum, just two years after acquiring the Atlanta-based steel maker.
- Platinum in $113m industrial deal
Tom Gores’ Platinum Equity will acquire Industrial Distribution Group and seek synergies with existing portfolio company, Strategic Distribution.