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Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. The purchase price, together with the $181 million in accumulated profits, represented 27 times Platinum’s original investment of $17.5 million just two years earlier. [ 32 ]
Ingram and its private-equity owner Platinum Equity together sold 18.6 million shares in the IPO to raise $409.2 million. Platinum Equity's Ingram Micro valued at $6 billion as shares jump 15% in ...
Beverly Hills, California-based Platinum Equity acquired Ingram in 2021 from a unit of Chinese aviation and shipping conglomerate HNA Group in a $7.2 billion deal. Founded in 1979, Ingram partners ...
Platinum Equity founder and chairman Tom Gores (Courtesy of Platinum Equity) Platinum Equity started 2020 with a fundraising bang. The firm announced on Tuesday the close of its fifth flagship ...
He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California. In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion. [4]
Club Car is an American company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use. It is currently owned by Platinum Equity after being acquired in 2021. [1]
In December 2020, Platinum Equity announced its intent to acquire Ingram Micro from HNA Technology Co. in an all-cash transaction with an equity value of approximately US$7.2 billion. [23] The transaction completed in July 2021. [24]
Private equity firm Platinum Equity’s US$2.1 billion (£1.4 billion)offer to acquire blood glucose monitoring systems maker LifeScan, Inc from US health care products company Johnson & Johnson ...