The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. Beverly Hills, California, United States. SVP Worldwide was acquired by Platinum Equity (www.platinumequity.com), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating . While in Platinum Equitys portfolio PNA gained a seasoned metals CEO, Maurice S. Nelson Jr. and added three locations. Opened first European office in Paris. Elemental Holding SA, a global urban mining and recycling company that originated in Poland and now has headquarters in Luxemburg, says it has completed a $290 million equity private placement from a group of international financial institutions led by the International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A. (PFR). You may unsubscribe any time. You can have a great strategy, but if you dont have the people to execute, you have nothing. Platinum Equity Salaries How much do Platinum Equity employees make? Instill faith in your team, and their faith in you will bring reward for all. [30], PNA Group, a metals processor, was acquired in May 2006 from TUI AG. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. Strong presence in Europe. Join to connect Platinum Equity. Copyright 2022, Platinum Equity Advisors, LLC. Copyright 2022, Platinum Equity Advisors, LLC. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. [23] In July 2021, the firm completed the acquisition of Ingram Micro. Prior to joining Platinum Equity in 2010, Mr. Price served as a Senior Vice President at Houlihan Lokey and as a Senior Associate at Goldsmith Agio Helms (now Lazard Middle Market). Fund IV closed with $6.5B in capital commitments, eclipsing the original target of $4.5B. With increasing demand for a world thats 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. Her responsibilities include Fund audits, track record updates and investor inquiries. The estimated additional pay is $160,131 per year. I have 0 dog in this fight, both are terrible places to work but ask anyone reputable in the industry and they will tell you the same. He is responsible for all aspects of business strategy and operations at Platinum Equity's portfolio companies, and is involved in evaluating buy and sell-side opportunities across the firm. Small Cap Fund closed with $1.5B in capital commitments. Prior to joining Platinum Equity in 2016, Mr. Bajwa held positions at Motorola and PwC where he focused on performance improvement initiatives, acquisition integration and divestiture management strategies for private equity portfolio companies and Fortune 500 businesses. Dave Aroesty is responsible for evaluating operational turnaround opportunities in the hospitality industry and other sectors in which real estate provides a strong element of downside protection to the investment thesis. Last Update. Team success isn't as correlated with profitability as you'd think. This week on U.S. Money Reserve's "In Conversation," 35th Director of the U.S. Mint (1994-2000) and U.S. Money Reserve President Philip N . Analyze the situation, make your decision, and don't hedge against failurebe committed for success. Michigan State University. Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. You may unsubscribe any time. Really?! "Club Car is an iconic . Quia et eius error qui eveniet velit quam animi. In the same year, Platinum executed its largest acquisition and largest divestiture to date. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. In 2017, Platinum Equity completed the acquisition of the Staples business in Australia and New Zealand from Staples Inc., relaunching it as Winc (Work Incorporated). Engage via Email. Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. 0.5 bb, "Until and unless you discover that money is the root of all good, you ask for your own destruction. [31] Platinum Equity sold PNA Group to publicly traded Reliance Steel & Aluminum Co. (NYSE: RS) in August 2008 for $300 million. I know Tom Gores is a Michigan native but can he really run a basketball team? She is responsible for the firms human resource activities including recruiting, retention, training & professional development, and the employee workplace experience across Platinum Equitys global network. Mr. Chacartegui holds a MSc. Anyone knows how he managed to go from rags to riches? It seems very try hard. The firm capitalized on significant growth in corporate divestiture opportunities. 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.. By clicking Submit you agree to receive communications from us. Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. [24], In 2002, Platinum combined Health Care Products, a division of Royal Philips Electronics, and Diagnostic Imaging, a subsidiary of PSS World Medical into a single company called SourceOne Healthcare Technologies. Platinum Equity lists partners, officers. Explore The Full Platinum Equity Portfolio. Contact. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that. Holy shit. Largest acquisition: Emerson Network Power acquired from Emerson for $4B. Johnny O. Lopez is a founding partner of Platinum Equity and remains instrumental to the firm's ongoing evolution. John Diggins brings a comprehensive background in financial growth management and mergers & acquisitions activity to the company, in addition to broad operating experience. Yes, He and his brother started the Gores Group. London, United Kingdom . [27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. In addition to our core buyout capabilities, Platinum is active in the credit asset class, investing in the private and public debt of underperforming, undermanaged, undervalued companies, primarily in North America. Sean Ryan, President of McGraw Hill's School Group, said: "Achieve3000 and McGraw Hill are a natural fit. View Nick Schubert's email address (n*****@platin***.com) and phone number. Platinum has a $6 billion portfolio with a global reach. HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio Investment in Hong Kong-based undergarment and swimwear company led by Platinums Singapore investment teamLOS ANGELES Acquisition will expand Solenis product offering and strengthen its ability to supply cost-effective, sustainable sol HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p Investment in Hong Kong-based undergarment and swimwear comp Acquisition will expand Solenis product offering and stre Copyright 2022, Platinum Equity Advisors, LLC. [1], Platinum Equity was founded in 1995 by Tom Gores. Prior to Jacuzzi, he was an Operating Executive with The Jordan Company, a private investment firm with more than $6.0 billion of capital under management, where he was involved in acquisitions, divestitures and operations for the firm and served as a board member of portfolio companies. Yakima Valley Vintners (YVV), Yakima Valley College's teaching winery, received multiple honors at the prestigious 2022 Great Northwest Wine Platinum Competition.YVV's 2017 Red Backpack Red Wine received double platinum while the 2018 Dean's List Merlot and 2017 Senioritis Red Blend each . The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers. How much do Platinum Equity employees make? in terms of reputation, they are known to be hardasses, low-ballers and to a certain extent, slimeballs. 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. 10 on its annual list of the countrys top private IT organizations. Also, lol at the guy banging his brother's wife. All Rights Reserved. Details of the sale were not disclosed. Treat it that way. 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 . Graduation gear not needed? Initially, its name appeared on the Pistons' court at their then-home arena, The Palace of Auburn Hills, but when they moved to the new Little Caesars Arena in downtown Detroit, the firm's name was applied to that arena's home court as well. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. About SolenisSolenis 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. About. Report this profile . The price spiked as . 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. I know with MLSE the big money maker is the Leafs (regardless of how terrible they are, there is no shortage of fans willing to pay for its expensive seats - and if not them, corporations that buy them for clients and etc.). On this Wikipedia the language links are at the top of the page across from the article title. Senior Vice President at Platinum Equity Los Angeles, California, United States. Igor Chacartegui is responsible for the structuring and execution of European acquisition and divestiture transactions. Gibson Dunn & Crutcher LLP provided legal counsel and Willkie Farr & Gallagher LLP provided debt financing counsel to Platinum Equity. but culture is absolutely horrible there. To grow, you must extend your abilities. LOS ANGELES, Dec. 14, 2022 /PRNewswire/ -- Platinum Equity announced today the signing of a definitive merger agreement to acquire HarbisonWalker International (HWI), a supplier of refractory products and services in North America. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $23 billion of assets under management and a portfolio of approximately 40 operating companies that. We are strongly committed to protecting your privacy. I've dealt with them once they were the sponsor on my transaction. The Pistons arguably made one of the worst decisions in sports when they drafted Darko Milicic in the 2003 draft. [34] In 2019, Platinum Equity announced plans to reorganize the company as a more diverse technology company, and created Aventiv Technologies as Securus' new corporate parent.[34][35]. 8 March 2021. Our current portfolio of ~50 companies operates in a diverse range of industries, generates $89+ billion of aggregate revenue and employs ~200,000 people across the globe. Not to mention that Tom Gores bought the Detroit Pistons, and I think Platinum is technically a part owner, too. London, England, United Kingdom Vice President Platinum Equity Oct 2018 - Jan 2023 4 years 4 months. Mr. Kelln also served as President and CEO of RockShox, Inc.; as Senior Vice President at General Cable Corporation; and as a Partner in the Supply Chain Management Practice of Mercer Management Consulting. You may unsubscribe at any time. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, I don't throw darts at a board. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. Senior Vice President at Platinum Equity Santa Monica, California, United States. 2x the amount of a new, proprietary enzyme to better fight stubborn starches. The day the team stops coming forward with issues is the day you stop being a leader. You may unsubscribe at any time. All Rights Reserved. Senior Vice President. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. Great mid-tier fund. We are operators. Signing up for our Newsletter is subject to our Privacy Notice. We expect the combination to immediately open up new avenues for growth on both sides.". Louis Samson leads Platinum Equitys New York/Greenwich and London-based investment teams, manages the operations of the New York, Greenwich and London offices, and is a member of the Investment Committee. She is currently responsible for overall accounting, tax, and financial reporting as well as managing strategic planning projects for Platinum Equity. It def. Platinum > Gores. Our model gets smarter over time as more people share salaries on Glassdoor. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. London office opens. At the time of acquisition, PNA included three companies. We are builders. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Search job titles Find Salaries Filter Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. He is a member of Platinum's Investment Committee, continues to actively pursue significant M&A transactions across multiple industries, mentors transaction teams, and is increasingly involved in the firm's business development efforts. Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. The deal is expected to be completed in the first half of 2021. Once both acquisitions have been completed, HWI and HTS will combine into a global business with increased reach and scale. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. The best strategies are those that evolve from good and thorough executionalong the way let the process of learning and development shape the implementation. Very aggressive firm and culture, if you aren't performing well, won't hesitate to give you the axe (quicker than most). 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. Columbia College. [8] For the second fund, Platinum Equity Capital Partners II, which closed in September 2008, despite uncertainty in the financial markets. Tom Gores founded Platinum Equity Holdings with $200K in seed capital. All Rights Reserved. Do you recall where the Raps were with this? You may unsubscribe any time. Sort of like: AAA USA Equity Partners The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia. PM me if you prefer. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mr. Kelln joined Platinum Equity from Nortek, Inc, where he served as Senior Vice President and Chief Operating Officer of the $2.4 billion diversified global manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products. 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. Ryerson becomes Platinums first billion-dollar acquisition. Not to mention Gores (1987) has less AUM than Platinum even though Platinum (1995) is the newer firm and Tom left Gores to found Platinum. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. The firm is headquartered in Beverly Hills, California with regional offices in Boston, Greenwich, Connecticut, New York City, London, and Singapore. Founded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a diverse, global portfolio of operating companies in a wide range of industries. Portfolio Operations executes the plan created during diligence. "The refractories industry is highly fragmented and this combination will create a global platform with meaningful opportunities to further expand," said Platinum Equity Managing Director Malik Vorderwuelbecke. You may unsubscribe any time. Fund II closed with $2.75B in capital commitments. isn't Detroits population at an all time low? Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. Mr. Barnhill joined Platinum Equity in 2012. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. WSO depends on everyone being able to pitch in when they know something. 2005-2022 Wall Street Oasis. 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. And yes I know that only one of the players is still on their original team, but it would've been a different field and the Pistons could very well have been a viable team to acquire some of the free agents that were out there last year. Our people are everything. Overall, just more intense than some other PE firms I've met with. Siguras industry-leading position in the pool solutions market and innovation-focused team complement our current offerings. Also have heard bad things but it's definitely the better of the two between this and Gores. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. When one man, for whatever reason, has an opportunity to lead an extraordinary life, he has no right to keep it to himself. All Rights Reserved. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. [21] The business was sold to Court Square Capital Partners in 2007. Signing up for our Newsletter is subject to our Privacy Notice. [22] In 2014, Platinum Equity acquired 70% ownership of Australian marketing and directory services company Sensis for AU$454 million. Tom Baxter has written about politics and the South for more than four decades. Never knew that, but that is what I call a fucking story. He works closely with the firm's Operations Team as well as portfolio company executive management to drive strategic initiatives and to deploy operational resources. [3][4], During this period of acquisition growth, additional partners joined the firm and several other joined through key acquisitions starting in 1999. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. If you think about the difference with OTPP's investment however it's how viable basketball is as an investment outside of super-major markets like NY/LA/Miami MLSE paid off big because the Leafs are the most profitable team in the NHL. 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 40 operating companies that serve customers around the world. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Fucking terrible mistake. About Platinum Equity. In 2010, it ranked #31 on Forbes Largest Private Companies list for 2010[15] and #1 on the 2010 Los Angeles Business Journal list of LA's Largest Private Companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2022, Platinum Equity Advisors, LLC. Team crumbles just like the city. CFOs to Watch: Keeping the Deals Coming. All Rights Reserved. Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners. He leads Platinums capital raising activities and is its senior relationship manager with investors, who comprise a diverse cross-section of public and private pension funds, financial institutions, foundations and family offices in North America, Europe and Asia. Broad range w/ some smaller MM deals ($100-$200mm) and larger $1B+ transactions. Oct 2015 - Dec 20216 years 3 months. What is the culture like? Richard Dinh works as a Vice President, Transformation (US) at Platinum Equity, which is an Investment Banking company with an estimated 300 employees; and founded in 1995. When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistr Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. seven continents. HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider with Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutio Investment in Hong Kong-based undergarment and swimwear company led by Platinums Singapore investment teamLOS ANGELES Acquisition will expand Solenis product offering and strengthen its ability to supply cost-effective, sustainable sol HWI to join forces with Imerys SAs High Temperature Solut Acquisition expands McGraw Hills position as a leading pr LOS ANGELES, CA (November 30, 2022) Deluxe, the global p Investment in Hong Kong-based undergarment and swimwear comp Acquisition will expand Solenis product offering and stre By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. The Behrman team's expertise and resources have been invaluable as Pelican has pursued our strategy to be the global leading protection solutions company. His unique combination of financial, management, M&A and operational expertise are well suited to helping create value within Platinums portfolio companies. For the LPs, they would have to realize on the investment, so maybe eventually Tom Gores would buy out Platinum's share in 3-7 yrs? First acquisition: Litigation Services, Inc. Business Week ranked Platinum Equity Holdings No. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. He then graduated from the Keck School of Medicine at the University of Southern California and went on to become a practicing head and neck surgeon prior to joining Platinum. These technologies are used by customers to improve operational efficiencies, enhance product quality, protect plant assets, minimize environmental impact and maintain healthy water. You may unsubscribe at any time. 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. Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. Responsible for IT due diligence at Platinum Equity, a private equity firm specializing in the merger, acquisition, and . We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. He also has responsibilities related to post-acquisition monitoring and oversight of operational performance at certain portfolio companies. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all Since the Los Angeles-based global private equity firm took PCI private in April 2019, its annual revenue has grown by more than 40%. Jacob Kotzubei is a Partner and member of Platinum Equity's Investment Committee, leads the Los Angeles headquarters-based investment team, and has oversight responsibility for the investment team in Asia. Largest divestiture: BWAY sold to Stone Canyon Industries for $2.4B. and still decreasing? Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Vice President at Platinum Equity. Platinum Equity Closes $2.75 Billion Private Equity Fund. The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services. We are investors. I'm surprised that he is not given the same level of coverage as JC Flowers despite his wealth and business acumen. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. The M&A&O team is involved from the beginning, starting as early as the management presentation. You may unsubscribe at any time. 463 followers 449 connections. After purchasing it for $200,000, Platinum Equity focused on servicing existing customers and returning the company to profitability. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010. Business Based on 6 salaries Vice President 3 salaries Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal [1] Contents 1 History 2 Investments 2.1 Information technology 2.2 Logistics and distribution 2.3 Industrials 2.4 Prison communication 3 References Media Contacts:Dan Whelan, Platinum Equity(310) 282-9202[emailprotected], Jennifer Faines, HarbisonWalker International(412) 559-2860[emailprotected], Cision Distribution 888-776-0942 Greenwich office opened. Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). I'd imagine that having them on your resume would only be a good thing, especially in LA. in business and finance from University of Deusto.