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Private Equity
FINANCIAL | Investment Firms & Funds
platinumequity.com

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Investments

14

Portfolio Exits

45

Funds

9

Partners & Customers

2

Service Providers

3

About Platinum Equity

Platinum Equity is a global investment firm that specializes in mergers, acquisitions, operations, and acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation, and logistics.

Platinum Equity Headquarter Location

360 N. Crescent Dr.

Beverly Hills, California, 90210,

United States

310-712-1850

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Platinum Equity Rank

Research containing Platinum Equity

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Platinum Equity in 2 CB Insights research briefs, most recently on Oct 23, 2019.

Latest Platinum Equity News

Platinum Equity Completes Acquisition of Water Treatment Company Solenis

Nov 10, 2021

Solenis Simultaneously Acquires Sigura Water; Combined Entity Creates Diversified Leader in Sustainable Solutions LOS ANGELES, November 9, 2021-- Platinum Equity announced today it has completed the acquisition of Solenis, a leading global producer of specialty chemicals used in water-intensive industries. As part of the transaction, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. The combined company generates approximately $3.5 billion of revenue and serves a diverse range of customers around the world in consumer, industrial, and pool water treatment markets. Headquartered in Wilmington, Delaware, Solenis supplies innovative specialty chemicals and services for process, functional and water treatment applications in two primary segments: Consumer Solutions (consumer and food packaging, graphic paper and tissue and towel markets) and Industrial Solutions (core water treatment and wastewater markets). Founded in 1907, its service-intensive business model relies on more than 1,400 highly trained sales technicians operating onsite at customer locations around the world. With this merger, Solenis is expanding its portfolio to include the residential and commercial pool water and spa treatment markets of Sigura. As a result, the merger also widens the global footprint of Solenis, which will now span 120 countries, 47 manufacturing facilities, and more than 6,000 employees. Solenis CEO John Panichella will lead the combined company following the transition and integration. Robert Baird, CEO of Sigura, remains as president of the new Pool Solutions division at Solenis. "This exciting new transition to Platinum Equity helps us expand the Solenis legacy started more than a century ago," said John Panichella, CEO of Solenis. "With increasing demand for a world that's safer, healthier and more sustainable, Solenis is well-positioned to continue driving sustainable solutions — and delivering measurable results — for our customers." "The addition of Sigura positions Solenis as a more diversified water treatment leader, with increased profitability and attractive growth opportunities," added Panichella. "Sigura's industry-leading position in the pool solutions market and innovation-focused team complement our current offerings. As we welcome Robert and his team to Solenis, I'm excited for this opportunity to move forward together and focus on enhancing our customers' profitability, sustainability, and healthier water treatment options." "Both the Sigura and Solenis teams have already been working hand-in-hand planning our integration," said Robert Baird, President of the new Pool Solutions segment at Solenis. "Although we have diversity in our end-markets, it is exciting to note the similarities in our company cultures. During the next few months, we will remain focused on serving our customers while executing our integration, which should be seamless to all our customers. I look forward to joining the Solenis leadership team and working with John and his team to strengthen our businesses together." "Sustainability is one of the most vital issues facing companies across the globe, and Solenis will continue to be a leader in bringing sustainable solutions to its customers facing complex challenges like waste elimination and water and energy use reduction," said Jacob Kotzubei, Partner at Platinum Equity. "We look forward to working with the management team at Solenis to create a true market leader in water treatment and sustainability solutions with increased scale, reach, and diversification." "With the closing of this Solenis acquisition and simultaneous merger of these two industry-leading companies, Solenis will now have the ability to reach a new, diversified market of customers and expand its portfolio by incorporating Sigura's complementary resources, production capabilities, and water care solutions into its business," said Todd Golditch, Managing Director at Platinum Equity. "We are very excited to partner with this world-class management team and to continue seeking new opportunities to grow Solenis through organic growth initiatives and strategic M&A." The Valence Group of Piper Sandler served as exclusive financial advisor to Platinum Equity on the acquisition of Solenis. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. BofA Securities and Goldman Sachs led the debt financing for the acquisition. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. About Solenis Solenis is a leading global producer of specialty chemicals focused on delivering sustainable solutions for water-intensive industries, including the pulp, packaging paper and board, tissue and towel, oil and gas, petroleum refining, chemical processing, mining, biorefining, power, municipal and pool and spa markets. The company's product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. Headquartered in Wilmington, Delaware, the company has 47 manufacturing facilities strategically located around the globe and employs a team of over 6,000 professionals in 120 countries across five continents. Solenis is a 2021 US Best Managed Company. For additional information about Solenis, please visit www.solenis.com or follow us on social media. Contact:

Platinum Equity Investments

14 Investments

Platinum Equity has made 14 investments. Their latest investment was in Vertiv as part of their PIPE on February 2, 2020.

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Platinum Equity Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/10/2020

PIPE

Vertiv

Yes

1

10/17/2018

PIPE

Verra Mobility

$400M

Yes

1

6/16/2016

Private Equity

Data Blue

Yes

1

2/28/2014

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

5/3/2013

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/10/2020

10/17/2018

6/16/2016

2/28/2014

5/3/2013

Round

PIPE

PIPE

Private Equity

Private Equity

Private Equity

Company

Vertiv

Verra Mobility

Data Blue

Subscribe to see more

Subscribe to see more

Amount

$400M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

1

10

10

Platinum Equity Portfolio Exits

45 Portfolio Exits

Platinum Equity has 45 portfolio exits. Their latest portfolio exit was Pro-Mark Distributors on October 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/26/2021

Acquired

$991

7

9/21/2021

Acquired

$991

5

7/6/2021

Merger

2

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

$991

Subscribe to see more

10

Date

10/26/2021

9/21/2021

7/6/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Merger

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

$991

$991

$991

Acquirer

Subscribe to see more

Subscribe to see more

Sources

7

5

2

10

10

Platinum Equity Acquisitions

127 Acquisitions

Platinum Equity acquired 127 companies. Their latest acquisition was Cosmic Pet on October 25, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/25/2021

Merger

Acq - Fin

1

10/19/2021

Line of Credit

$452.33M

Acq - Fin - II

4

9/15/2021

Acq - Fin - II

Acq - Fin - III

1

7/19/2021

Subscribe to see more

$99M

Subscribe to see more

10

7/14/2021

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/25/2021

10/19/2021

9/15/2021

7/19/2021

7/14/2021

Investment Stage

Merger

Line of Credit

Acq - Fin - II

Companies

Subscribe to see more

Subscribe to see more

Valuation

Total Funding

$452.33M

$99M

$99M

Note

Acq - Fin

Acq - Fin - II

Acq - Fin - III

Subscribe to see more

Subscribe to see more

Sources

1

4

1

10

10

Platinum Equity Fund History

9 Fund Histories

Platinum Equity has 9 funds, including Platinum Equity Continuation Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/1/2021

Platinum Equity Continuation Fund

1

1/7/2020

Platinum Equity Capital Partners V

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$99M

10

7/13/2018

Platinum Equity Small Cap Fund

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$99M

10

3/13/2017

Platinum Equity Capital Partners IV

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$99M

10

9/3/2013

Platinum Equity Capital Partners III LP

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$99M

10

Closing Date

11/1/2021

1/7/2020

7/13/2018

3/13/2017

9/3/2013

Fund

Platinum Equity Continuation Fund

Platinum Equity Capital Partners V

Platinum Equity Small Cap Fund

Platinum Equity Capital Partners IV

Platinum Equity Capital Partners III LP

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Platinum Equity Partners & Customers

2 Partners and customers

Platinum Equity has 2 strategic partners and customers. Platinum Equity recently partnered with Ball Corporation on June 6, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

6/21/2018

Partner

Ball Corporation

United States

Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity

BROOMFIELD , Colo. , -LRB- June 21 , 2018 -RRB- -- Ball Corporation -LRB- : BLL -RRB- and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack , a new packaging company that manufactures steel containers for aerosol products , food , household consumables , pet food , nutritional and other products in the United States .

6

7/14/2014

Vendor

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10

Date

6/21/2018

7/14/2014

Type

Partner

Vendor

Business Partner

Ball Corporation

Country

United States

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News Snippet

Ball Corporation Agrees to Sell U.S. Steel Food and Steel Aerosol Assets, Form Joint Venture with Platinum Equity

BROOMFIELD , Colo. , -LRB- June 21 , 2018 -RRB- -- Ball Corporation -LRB- : BLL -RRB- and Platinum Equity today announced that they have entered into joint venture and definitive purchase agreements to form Ball Metalpack , a new packaging company that manufactures steel containers for aerosol products , food , household consumables , pet food , nutritional and other products in the United States .

Subscribe to see more

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Sources

6

10

Platinum Equity Service Providers

12 Service Providers

Platinum Equity has 12 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

Acq - Fin, and Acq - Fin - II

Counsel

General Counsel

Acq - Fin

Commercial Bank

Financial Advisor

Service Provider

Associated Rounds

Acq - Fin

Acq - Fin, and Acq - Fin - II

Acq - Fin

Provider Type

Investment Bank

Counsel

Commercial Bank

Service Type

Financial Advisor

General Counsel

Financial Advisor

Partnership data by VentureSource

Platinum Equity Team

18 Team Members

Platinum Equity has 18 team members, including current Chief Executive Officer, Frank Bagheri.

Name

Work History

Title

Status

Frank Bagheri

Chief Executive Officer

Current

Tom Gores

Chief Executive Officer

Current

Mary Ann Sigler

Chief Financial Officer

Current

Saravanan G.

Chief Technology Officer

Current

Ali Bajwa

Senior Vice President

Current

Name

Frank Bagheri

Tom Gores

Mary Ann Sigler

Saravanan G.

Ali Bajwa

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Senior Vice President

Status

Current

Current

Current

Current

Current

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