July 30, 2016 10:06 PM ET

Capital Markets

Company Overview of Platinum Equity, LLC

Company Overview

Platinum Equity, LLC is a private equity firm specializing in investments in mergers and acquisitions, special situations, buyouts, operational turnarounds, mature, middle markets, public-to-private transactions, corporate divestitures, underperforming or undervalued businesses, and add-on acquisitions. It invests in companies that provide mission-critical products, services, and solutions in diverse industries including industrials, manufacturing, distribution, information technology services and software, telecommunications, transportation and logistics, media, equipment rental, entertainment, healthcare services, and metals services. The firm focuses on investments in North America and We...

360 North Crescent Drive

Beverly Hills

Los Angeles, CA 90210

United States

Founded in 1995

Phone:

310-712-1850

Key Executives for Platinum Equity, LLC

Founder, Chairman, and Chief Executive Officer
Age: 52
Founding Partner, Partner, and Member of Investment Committee
Chief Financial Officer and Chief Compliance Officer
Age: 61
Partner and President of Portfolio Operations
Age: 50
Partner and Principal
Compensation as of Fiscal Year 2016.

Platinum Equity, LLC Key Developments

Argand And Platinum Seeks To Buy Moly-Cop

In the last contest for sale of Moly-Cop Adesur S.A., run by UBS and Lazard, Argand Partners, LLC was short-listed to buy the business with Platinum Equity, LLC, both offering about $1.5 billion for the operation, which was well below the company's price expectations.

Siemens, Platinum Reportedly Eyeining Emerson's Network Power Business

Siemens Aktiengesellschaft (DB:SIE) has approached Emerson Electric Co. (NYSE:EMR) and is in early-stage conversations with a view to acquiring its network power business, Reuters reported citing people familiar with the matter. Emerson Electric is also in talks private equity firms including with Platinum Equity, LLC, for pursuing a transaction, the people added. Other companies have also expressed interest, according to the people. Siemens and Emerson did not immediately respond to requests for comment. Platinum Equity declined to comment.

Apollo Reportedly In Lead To Acquire Maxim Crane

Apollo Global Management, LLC (NYSE:APO) is reportedly in advanced talks to acquire Maxim Crane Works LP from Platinum Equity LLC for $1 billion including debt. According to people familiar with the matter, Apollo has so far submitted the highest offer in an auction for Maxim Crane, though it is still in the process of finalizing terms. Apollo is also trying to secure financing for the deal, and is also exploring buying a smaller lifting services company to combine it with Maxim, the people added, cautioning that no deal is certain. Apollo and Platinum Equity declined to comment, while Maxim Crane did not respond to a request for comment.

Similar Private Companies By Industry

Company Name Region
@Visory LLC United States
1 Road Partners LLC United States
11T Partners, LLC United States
13D Research (USVI) LLC. United States
1509225 Ontario, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 16, 2016
Data Blue, LLC
Merger/Acquisition
June 13, 2016
BWAY Parent Company, Inc.
Merger/Acquisition
June 8, 2016
MetoKote Corporation, Inc.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Platinum Equity, LLC, please visit www.platinumequity.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.