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Platinum Equity was founded in 1995 by Tom Gores. The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. After purchasing it for $200,000, Platinum Equity focused on serving existing customers and returning the company to profitability. [2]
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 ...
Between 1996 and 2001, Gores led 32 acquisitions, including those of Pilot Software, Racal, and Williams Communications. [5] [8] By the following year, Platinum Equity's portfolio included units of Motorola, Fujitsu, and Alcatel. [9] Gores was first listed on the Forbes 400 list of the wealthiest Americans in 2002. [9]
Former U.S. Congressman Chris Lee once worked at Ingram Micro. [28]Bülent Ural, who currently works as a sales consultant for Ingram Micro's German branch, was a member of the German-Turkish musical group Sürpriz, which represented Germany in the Eurovision Song Contest in 1999.
Ingram and its private-equity owner Platinum Equity together sold 18.6 million shares in the IPO to raise $409.2 million. (Reuters) -Ingram Micro notched a valuation of $6 billion after shares ...
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 ...
In December 2016, Platinum Equity acquired the ENP business from Emerson Electric in a transaction valued in excess of $4 billion. The company was rebranded as Vertiv, and Emerson retained a subordinated equity stake. [11] Vertiv launched as a stand-alone business and appointed Rob Johnson as chief executive officer. [12] [13]
Newell Brands Inc is nearing a deal to sell Jostens, a U.S. manufacturer of memorabilia such as class rings and yearbooks, to private equity firm Platinum Equity LLC for around $1.3 billion, two ...