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



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.

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