May 31, 2004 |
Los Angeles-based buyout specialist Platinum Equity is continuing its acquisition spree. The company said Friday that it would acquire Dallas-based CompuCom Systems Inc., which helps companies run their computer systems, for $254 million, and German dye maker DyStar for an undisclosed amount. The acquisitions would significantly expand Platinum's global stable of businesses in technology and other sectors.
August 16, 2005
As expected, Platinum Equity, a buyout company owned by billionaire Tom Gores, agreed to acquire struggling computer modem maker U.S. Robotics Corp. Terms weren't disclosed.
November 19, 2004 |
Continuing its acquisition spree, Los Angeles private investment firm Platinum Equity said Thursday that it would acquire General Electric Co.'s IT Solutions unit for undisclosed terms. The purchase, expected to be completed by year-end pending regulatory approval, would be Platinum's seventh in 2004. Platinum Equity, which has a portfolio of 22 operating companies, plans to integrate Erlanger, Ky.
July 23, 2003 |
Los Angeles-based Platinum Equity said it bought the service division of Kemper Insurance Cos. for an undisclosed sum. Platinum said it would keep the management team at Kemper Services, which handles property and casualty claims management, safety consulting and related services for Kemper and for third-party insurers and employers. Oak Grove, Ill.-based Kemper is exiting the insurance business and selling its assets.
July 28, 2009 |
Beverly Hills investment firm Platinum Equity has failed in its effort to acquire Delphi Corp. after the bankrupt auto parts maker opted late Monday to accept a competing bid from its creditors. Delphi, which has been operating under bankruptcy protection since 2005, said Monday night that its board of directors had agreed to accept a "pure credit" bid from its bankruptcy lenders.
August 15, 2005 |
Platinum Equity, the buyout firm owned by billionaire Tom Gores, is acquiring computer modem maker U.S. Robotics Corp. in an all-cash deal, the companies are expected to announce today. Neither side would reveal terms of the sale. Last year, however, Robotics Chief Executive Joseph J. Hartnett told an interviewer that he was looking for a buyer willing to pay between $30 million and $50 million for the Schaumburg, Ill., company. U.S.