Platinum Equity signed a definitive agreement to acquire Solenis from Clayton, Dubilier & Rice and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. BofA Securities and Goldman Sachs are leading the debt financing for the acquisition.
Platinum Equity entered into a definitive agreement to acquire Club Car from Ingersoll Rand in a transaction valued at approximately $1.7 billion. BofA Securities will lead the debt financing for Platinum Equity and Club Car in connection with the transaction.
Platinum Equity entered into a definitive agreement to acquire Cabinetworks from American Industrial Partners, GIC and other equity holders. BofA Securities will lead debt financing to support the acquisition.
Citi and Goldman Sachs provided debt financing for Blackstone’s acquisition of Interior Logic Group.
Nesco entered into a definitive agreement to acquire Custom Truck One Source for a purchase price of $1.475 billion. Bank of America is leading debt financing in support of the transaction.
Platinum Equity closed its capital raising for Platinum Equity Small Cap Fund, the firm’s inaugural fund focused exclusively on investment opportunities in the lower middle market.
Platinum Equity submitted a binding offer to acquire LifeScan from Johnson & Johnson in a transaction valued at approximately $2.1 billion. LifeScan manufactures blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion.
Platinum Equity announced it completed the acquisition of Volvo Rents from the Volvo Group for $1.1 billion. The private equity firm said debt financing to support the deal was led by BofA Merrill Lynch.