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Home > Company Index > Financial Services > Investment Firms > Platinum Equity Holdings

Platinum Equity Holdings
 NEWS FROM THE STANDARD
The Prophet of the Silicon Prairie
Dec 06 1999 12:00 AM PST

 PROFILE
Platinum Equity Holdings knows "an oldie but a goodie" when it sees one. The information technology investment firm buys underperforming businesses, including units of large corporations. These companies, many of which are more than 20 years old, usually offer legacy products and services and have well-established customer bases and distribution operations. Platinum focuses on companies offering products and/or services in such sectors as call center and help desk operations, data communications and networking, information systems, and software. Platinum buys companies around the world and usually takes full ownership. Owned by CEO Tom Gores, the firm has operations in the US, Europe, Asia, and South America.

 COMPETITION
Apollo Advisors (dossier)
Clayton, Dubilier & Rice, Inc. (dossier)
Kohlberg Kravis Roberts & Co. (dossier)

 DEALS
Deal: Platinum Holdings to Buy Motorola Division
Date Announced: 07.05.01
Value of transaction (US $Mil): Not Disclosed
Description: Tech industry holding company agrees to acquire wireless communication firm's managed enterprise networking division.

Search all deals for this company

 FINANCIAL OVERVIEW
1999 Sales (mil.): 792.00
1-Yr. Sales Growth: 13.1%
Employees: 10,000
Revenue per employee: $79,200.00

 KEY PEOPLE
• Tom T. Gores
    CEO
• William Foltz
    CFO

 CONTACT INFO
2049 Century Park East, Ste. 2700
Los Angeles, CA 90067
US
Phone: 310-712-1850
Fax: 310-712-1848
Online: Web Site

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