Héroux-Devtek Inc. (TSX: HRX), a Québec-based aerospace manufacturer and the world’s third-largest landing gear maker, has received a final order from the Superior Court of Québec approving its plan of arrangement involving an affiliate of Platinum Equity Advisors, LLC. The court’s approval under the Business Corporations Act (Québec) marks a crucial step toward completing the […]
Héroux-Devtek Inc., the world’s third-largest landing gear manufacturer and a major player in the aerospace industry, announced a decisive step forward in its acquisition by Platinum Equity Advisors, LLC. At a special meeting on September 6, 2024, an overwhelming 99.25% of shareholders approved the plan of arrangement for the $1.35 billion deal, a strategic move […]
In a significant move within the global pharmaceutical sector, Platinum Equity has secured a controlling stake in the Oral Solid Dosage (OSD) business of Inventia Healthcare Limited. The acquisition involves purchasing shares from India Life Sciences Fund III (Advised by InvAscent), NYLIM Jacob Ballas India Fund III, LLC, Mauritius, and affiliates of the Shah family, […]
Hop Lun, a prominent Platinum Equity portfolio company recognized as one of the world’s largest designers and manufacturers of intimate apparel, has announced its acquisition of P.H. Garment, further solidifying its position in the global fashion industry. The acquisition integrates P.H. Garment’s innovative private label manufacturing of high-quality bras, shapewear, and performance-driven active wear into […]
In a strategic move set to reshape the broadband and telecommunications infrastructure landscape, Platinum Equity has announced a significant investment in TAK Communications, a national provider renowned for its comprehensive communications and broadband infrastructure services. While financial details of the transaction remain undisclosed, this partnership is poised to drive substantial growth and expansion within the […]
In a significant move that marks a new chapter for industrial services and equipment rental markets, United Rentals, Inc. (NYSE: URI) has officially completed its acquisition of Yak Access, LLC, along with Yak Mat, LLC and New South Access & Environmental Solutions, LLC, collectively known as “Yak,” from Platinum Equity. The transaction, valued at approximately […]
Arrow International, a charitable gaming products manufacturer, said that its affiliated entity Bow Distribution has acquired the operational assets of Blue Bay South, Fraternal Enterprises, American Bingo Company, and Wholesale Bingo Supplies (collectively Blue Bay). Blue Bay, which is a charitable gaming distributor in Michigan, has been acquired from Bob Robinson and Rob Robinson, and […]
Platinum Equity said that it has launched exclusive negotiations to acquire the high temperature solutions business (HTS) of French mining company Imerys SA in a deal worth around €930 million. The high temperature solutions business of Imerys is a provider of refractory solutions that caters to over 6,000 customers in the iron and steel, foundry, […]
Platinum Equity has agreed to acquire a controlling interest in Hop Lun, a Hong Kong-based fashion lingerie and swimwear company, from its founder Erik Ryd. The financial terms of the deal were not revealed. Established in 1992, Hop Lun designs and manufactures intimate apparel and is claimed to be one of the top providers of […]
Clayton, Dubilier & Rice (CD&R) has signed two separate deals to acquire Multi-Color Corporation (MCC) and Fort Dearborn and merge them subsequently to create a global scale label manufacturer. The private investment firm will acquire Multi-Color Corporation, an Ohio-based label solutions provider, from Platinum Equity for an undisclosed price. On the other hand, CD&R will […]