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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. [ 31 ]
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]
After Moses George died in 1947, his sons Alex and Lee took over the business, along with daughter Josephine. The name changed to Merchants Distributors Inc. or MDI in 1956. By 1960, MDI had over 130 employees and supplied 400 grocery stores within 150 miles.
In January 2023, KKR invested 700 billion won in 2023 after the first purchase of 400 billion won in private equity bonds by Taeyoung Group holding company TY Holdings. [ 205 ] On 26 February 2024 KKR announced that it would purchase the End-User Computing (EUC) arm of VMware, which had recently been acquired by Broadcom , in a deal worth $3 ...
To date, Chicago has sold over 40 million units in the U.S., with 23 gold, 18 platinum, and eight multi-platinum albums. [ 16 ] [ 17 ] [ 18 ] They had five consecutive number-one albums on the Billboard 200, [ 19 ] 20 top-ten singles on the Billboard Hot 100, [ 20 ] and in 1974 the group had seven albums, its entire catalog at the time, on the ...
According to Billboard, Chicago was the leading US singles charting group during the 1970s. They have sold over 40 million units in the US, with 23 gold , 18 platinum , and 8 multi-platinum albums. [ 3 ] [ 4 ] Over the course of their career they have had five number-one albums and 21 top-ten singles.