Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Treat it that way. isn't Detroits population at an all time low? By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. 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. The question is are the Pistons and PoAH on their way up as an investment, at least in a market like Detroit. Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. They're not a money loser but I wouldn't see them as a great investment in terms of real returns. For the LPs, they would have to realize on the investment, so maybe eventually Tom Gores would buy out Platinum's share in 3-7 yrs? Copyright 2022, Platinum Equity Advisors, LLC. Tom Baxter has written about politics and the South for more than four decades. Although we have diversity in our end-markets, it is exciting to note the similarities in our company cultures. Raptors have varied between 11th and 15th in both profitability in the NBA. Yes, He and his brother started the Gores Group. When money ceases to become the means by which men deal with one another, then men become the tools of other men. They are part of the IT Strategy team within the Information Technology Department and their management level is VP-Level. Williams Communications first billion-dollar portfolio company. We are strongly committed to protecting your privacy. PM me if you prefer. 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. 2K followers 500+ connections. "HWI's presence in North America complements HTS's business in Europe and Asia," added Mr. Samson. 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. Oct 2015 - Dec 20216 years 3 months. Headquartered in Wilmington, Delaware, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. We are strongly committed to protecting your privacy. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum . 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 . When typing in this field, a list of search results will appear and be automatically updated as you type. They are very similar to Sun Capital, very big into distressed assets. Absolutely not. Fund II closed with $2.75B in capital commitments. This seal is crucial for financially . r***@platinumequity.com. 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. Platinum Equity. 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. Signing up for our Newsletter is subject to our Privacy Notice. Signing up for our Newsletter is subject to our Privacy Notice. You may unsubscribe at any time. 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. 2 Platinum Equity reviews. You may unsubscribe any time. [2] BusinessWeek ranked the firm number 10 on its 1999 list of the countrys top 20 private IT organizations, based on 1998 revenues. Report this profile . Voluptates consequatur est magnam. By clicking Submit you agree to receive communications from us. Comp is solid, VP out of Boston makes over $1mm all-in (not sure of the breakdown). Senior Vice President at Platinum Equity Columbus, Ohio, United States. Small Cap Fund closed with $1.5B in capital commitments. Make no assumptions. 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. 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/. The two endowments cannot stand separatethey only work hand-in-hand. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. As the pioneer of a unique, operations-focused approach to private equity, Platinum seeks opportunities to help businesses achieve their full potential. 11/30/2022 3:22 PM. Details of the sale were not disclosed. Team crumbles just like the city. Signing up for our Newsletter is subject to our Privacy Notice. You may unsubscribe any time. Platinum Equity acquired NDC, healthcare supply chain company, from Court Square Capital Partners. Tom is also worth a lot more than Alec. 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. 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. Aut perspiciatis consequatur nulla quae debitis. 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. With a team comprised of outstanding people, you can meet almost any challenge. 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. 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, 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. The firm focuses on leveraged buyout investments by companies based in the U.S., Europe and Asia. Mr. Barnhill joined Platinum Equity in 2012. Fund I closed with $700M in capital commitments. 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. 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. All Rights Reserved. 2005-2022 Wall Street Oasis. I thought Gores was much more prestigious than Platinum just from talking to ppl in banking/general sentiment on WSO (which i take w/a grain of salt obviously). Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). 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. Copyright 2022, Platinum Equity Advisors, LLC. Engage via Email. Platinum completed first IPO: Ryerson. I'm glad people here actually know something about the firm. It is a great buy. I know Tom Gores is a Michigan native but can he really run a basketball team? "HarbisonWalker has built an impressive organization and we have deep respect for the company's legacy, culture and commitment to serving its customers. The price spiked as . Copyright 2022, Platinum Equity Advisors, LLC. 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. Both companies were distributors of radiology products like film, chemicals and lead shields. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Report this profile . Not to mention Gores (1987) has less AUM than Platinum even though Platinum (1995) is the newer firm and Tom left Gores to found Platinum. [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. I know with MLSE the big money maker is the Leafs (regardless of how terrible they are, there is no shortage of fans willing to pay for its expensive seats - and if not them, corporations that buy them for clients and etc.). All Rights Reserved. Current debt conditions for term loan, high yield debt, and mezzanine in LBOs? Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. Itaque corrupti enim atque quidem repudiandae perferendis officia dolorem. By clicking Submit you agree to receive communications from us. 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. Sean Ryan, President of McGraw Hill's School Group, said: "Achieve3000 and McGraw Hill are a natural fit. For the full year, the company reported revenue was USD 4.09 million. Founded in 1995, Platinum Equity is a global investment firm with approximately . Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. Robert Wentworth participates in senior level merger and acquisition activities for Platinum Equity and is a member of the Investment Committee. About Platinum Equity. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. You may unsubscribe any time. 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. 463 followers 449 connections. Dec 2021 - Present1 year 1 month. Teams collaborate and seek to execute value, creating add-ons and/or monetizations through ownership. 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. Join to connect Platinum Equity. Omnis eveniet et laborum libero aut illo id. 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. He also has responsibilities related to post-transition monitoring and oversight of operational performance at certain portfolio companies. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Signing up for our Newsletter is subject to our Privacy Notice. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. About. You mentioned Pistons have a good profit per value ratio. Mr. Chacartegui holds a MSc. Singapore office opened. London, United Kingdom . Team success isn't as correlated with profitability as you'd think. Kirkland & Ellis is providing legal counsel to Platinum Equity on the acquisition of HWI. 8 March 2021. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. Talk about drama. In that capacity, he is responsible for managing a broad range of strategic divestiture opportunities throughout Platinum Equitys portfolio. The deal is expected to be completed in the first half of 2021. 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