$25.2 billion of capital committed across six buyout funds to date including our most recent funds. He was national editor and chief political correspondent at the Atlanta Journal-Constitution, and later edited The . The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. The day the team stops coming forward with issues is the day you stop being a leader. Lots of bad teams still fill seats and make good money. 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. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. Over the past 27 years Platinum Equity has completed more than 350 acquisitions. 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. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. Platinum Equity, the Los Angeles-based private equity firm, is set to buy the Coraopolis-based manufacturer sometime in the first half of 2023 for an undisclosed sum from the two asbestos. The estimated base pay is $166,426 per year. 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. So maybe you can get some season tickets on top of your bonus Haha. About Platinum EquityFounded 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. Search job titles Find Salaries Filter We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. Teams collaborate and seek to execute value, creating add-ons and/or monetizations through ownership. and still decreasing? We are strongly committed to protecting your privacy. Siguras industry-leading position in the pool solutions market and innovation-focused team complement our current offerings. 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. Overall, just more intense than some other PE firms I've met with. The two endowments cannot stand separatethey only work hand-in-hand. Although we have diversity in our end-markets, it is exciting to note the similarities in our company cultures. Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. Once a company completes its transition, Platinum Equity's dedicated sell-side team works with the operating council to find the right monetization opportunities. What seems impossible can be achieved when you have passion for your work. 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.. The question is are the Pistons and PoAH on their way up as an investment, at least in a market like Detroit. 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. 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 . Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. 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. [14] In the last year Platinum Equity has deployed significant capital across a wide spectrum of industries and geographies. Principal M&A Aroesty, Dave Principal M&A Ashmore, Craig Managing Director Business Development Bajwa, Ali Principal Operations Barnhill, Daniel Principal Investor Relations Barnhill, Mark Partner Investor Relations Barter, Stephanie Partner Operations Chacartegui, Igor Managing Director M&A Chapman, Stephanie Managing Director Corporate Services Senior Vice President. but still, they've done very well and a job there would be great on a resume. By clicking Submit you agree to receive communications from us. Making an Impact The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum . I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. WSO depends on everyone being able to pitch in when they know something. Steven B. Weiner (July/August 2008 Issue ). Team crumbles just like the city. He is also the senior executive responsible for evaluating acquisition opportunities and integrating new acquisitions into the portfolio. Absolutely not. [32] In August 2021, the firm completed the acquisition of SVP Worldwide. Join to connect Platinum Equity. Also, ask why the guy's wife decided to bang the better brother? Platinum Equity Buys GE's IT Solutions.. It is a great buy. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. We are strongly committed to protecting your privacy. 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. ASA President, Dr. David A. Norris, added, "Candid's Platinum designation is reflective of ASA's proven success in attaining full financial transparency. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. In every aspect, from financial to reputation to fucking wives, Tom Gores > Alec Gores. 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. 1K followers 500+ connections. 22 on its list of Americas largest private companies. 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. 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 . We are strongly committed to protecting your privacy. 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. With the DTE theater and PoAH @ 350 mm, that's a dead steal. 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. First public-to-private acquisition: Tanning Technology Corporation. You may unsubscribe any time. Solid prestige. His unique combination of financial, management, M&A and operational expertise are well suited to helping create value within Platinums portfolio companies. While in Platinum Equitys portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations. Very aggressive firm and culture, if you aren't performing well, won't hesitate to give you the axe (quicker than most). All Rights Reserved. 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. OUR YOUTH ARE PERISHING. Responsible for IT due diligence at Platinum Equity, a private equity firm specializing in the merger, acquisition, and . They are part of the IT Strategy team within the Information Technology Department and their management level is VP-Level. 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. Pistons hit a rut because Detroit/Michigan was/is falling apart. As the pioneer of a unique, operations-focused approach to private equity, Platinum seeks opportunities to help businesses achieve their full potential. Signing up for our Newsletter is subject to our Privacy Notice. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. The firm specializes in private equity buyouts and has over 27 years of transacting across geographies, industries and transaction types. The Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. We are strongly committed to protecting your privacy. 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. The Pistons arguably made one of the worst decisions in sports when they drafted Darko Milicic in the 2003 draft. 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. Dont allow organizational structure to determine your growth. 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. 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 . Consider facts but let solid judgment prevail. Platinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. 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. Sign up to receive deal announcements. For the full year, the company reported revenue was USD 4.09 million. AUM probably $5-7B range, possibly higher. 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. Do you recall where the Raps were with this? All Rights Reserved. Tom is also worth a lot more than Alec. 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. Every battle is won before it is ever fought- GG. Be open to almost all situations, but be stubborn on your values and principles. "We are excited about the prospects in this space and look forward to putting our M&A and operational resources to work.". Platinum is an alternative asset management firm that invests institutional capital from around the globe. I bet on sure things. Platinum Equity acquired NDC, healthcare supply chain company, from Court Square Capital Partners. 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. Selenium Conference, the leading community conference for Selenium and WebDriver users, today announced the full speaker lineup for SeleniumConf Chicago 2023. By clicking Submit you agree to receive communications from us. For additional information about Solenis, please visit www.solenis.com or follow us on social media. Since the Los Angeles-based global private equity firm took PCI private in April 2019, its annual revenue has grown by more than 40%. School memorabilia manufacturer pivots to providing for essential workers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. 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. 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. in business and finance from University of Deusto. You may unsubscribe at any time. 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 . You may unsubscribe any time. You may unsubscribe any time. We are operators. Tempore veniam quis dolorum. 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. I can't say more without outing myself, there are heads of BB investment banks that will refuse to work with Gores. Platinum Equity (Originally Posted: 02/07/2012). In addition to these responsibilities, Ms. Sigler is the firm's Chief Compliance Officer. 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. 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. Also have heard bad things but it's definitely the better of the two between this and Gores. 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. Copyright 2022, Platinum Equity Advisors, LLC. 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 . Media Contacts:Dan Whelan, Platinum Equity(310) 282-9202[emailprotected], Jennifer Faines, HarbisonWalker International(412) 559-2860[emailprotected], Cision Distribution 888-776-0942 Small Cap Fund closed with $1.5B in capital commitments. The business development team sources and screens opportunities. Qui illo quo in nihil qui quia maiores. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. To succeed, a leader must be accessible to open, consultative lines of communication with his team. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. "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". Together, they had $1.3 billion in revenue, making SourceOne dominant in the very fragmented $11.5 billion marketplace in which it competed. [2] BusinessWeek ranked the firm number 10 on its 1999 list of the countrys top 20 private IT organizations, based on 1998 revenues. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. 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. You may unsubscribe at any time. Join to connect Platinum Equity. Our trademarked M&A&O strategy goes beyond traditional mergers and acquisitions, applying deep operational expertise to create long-term value for our investors, our companies and the communities they serve. 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. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. They emphasize their operational expertise hence m&a&o however it's nothing noteworthy. Join to connect Platinum Equity. 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. Bob Wymbs leads Platinum Equitys dedicated, in-house sell-side team. Clough Global Equity Fund reported earnings results for the full year ended October 31, 2022. 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. Itaque corrupti enim atque quidem repudiandae perferendis officia dolorem. Fund I closed with $700M in capital commitments. We expect the combination to immediately open up new avenues for growth on both sides.". Explore The Full Platinum Equity Portfolio. Treat it that way. "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. "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. "HWI's presence in North America complements HTS's business in Europe and Asia," added Mr. Samson. Great mid-tier fund. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence.