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February 09, 2016 11:51 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: 51
Founding Partner, Partner, and Member of Investment Committee
Chief Financial Officer and Chief Compliance Officer
Age: 60
Partner and President of Portfolio Operations
Age: 49
Partner, General Counsel, and Secretary
Age: 60
Compensation as of Fiscal Year 2015.

Platinum Equity, LLC Key Developments

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.

Apollo Reportedly Leads Race In PAE Auction

Apollo Global Management, LLC (NYSE:APO) is said to be leading the race in the auction of Pacific Architects and Engineers Incorporated which was put up for sale by Lindsay Goldberg. Citing sources in the know, Reuters said Apollo and Lindsay Goldberg are working towards a deal that could value PAE at $900 million inclusive of debt. According to the sources, Apollo has taken the lead on rival bidders American Securities and Platinum Equity LLC. No comments were available from the companies.

Funds Reportedly Line Up Bids For Refresco Gerber

Refresco Gerber B.V. has attracted bids from three private equity funds valuing the business at around €1.5 billion, sources familiar with the process said. PAI Partners, Pamplona Capital Management LLP and Platinum Equity, LLC have emerged as the only bidders left in the second round of an auction, with a late February 2015 deadline, the sources said. Its adviser JPMorgan aims to wrap up the process in around a month, two of the sources said. A spokesman for PAI declined to comment while representatives at Refresco Gerber, Pamplona and Platinum were not immediately available for comment. A spokeswoman for JPMorgan declined to comment.

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