217 Views

Expert Global Solutions to sell segments of ARM business to Platinum Equity

Expert Global Solutions said Monday that it has agreed to sell “certain segments” of its accounts receivable management business to Platinum Equity. No financial terms were disclosed for the transaction, which is expected to close in the next several months. Credit Suisse Securities provided financial advice to EGS. Once the deal is completed, the business will run as Transworld Systems Inc. 

307 Views

Audax buys Wheel Pros from Platinum Equity

Platinum Equity has sold Wheel Pros to Audax Private Equity. No financial terms were disclosed. William Blair provided financial advice to Platinum Equity on the transaction. Wheel Pros is a maker of high-performance wheels and tires.

confidential
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PSERS to pull alternative investment contracts from public view

In the wake of the publication of 12 limited partnership agreements, the Pennsylvania Public School Employees’ Retirement System has decided to remove alternative investment contracts that were posted prior to 2012 on a publicly accessible database through the state treasurer’s website.

journo
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What the LPA leak shows about PE today

Some general partners have taken a fairly relaxed view of the recent leak of their limited partner agreements—which raises the point that what has been under lock and key for so long in this industry actually doesn’t need to be.

162 Views

Platinum Equity exits Truesense Imaging

Platinum Equity has completed the sale of Truesense Imaging to ON Semiconductor. No financial terms were disclosed. Truesense Imaging is a provider of image sensing devices.

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271 Views

Top 10 posts of the week

Trending on peHUB this week: Blend, Blackstone, Carlyle, NYSTRS, HarbourVest, Sequoia, WhatsApp, Platinum Equity, Nesco, Gryphon Investors, data scientists and PE’s dry powder.

Telstra to sell majority stake in Sensis

Telstra is to sell a 70 percent stake in its directories business, Sensis to US based private equity firm, Platinum Equity for A$454million. The sale excludes the voice services business and includes economic benefits to Telstra from services it will continue to provide to Sensis. Telstra will retain a 30 per cent shareholding with Sensis now valued at A$649million.

Volvo to sell rental unit for $1.1bn – Reuters

Truck maker Volvo has agreed to sell its machine rental business in North America to Platinum Equity for about 7.2 billion Swedish crowns ($1.1 billion), writes Reuters. Volvo is in the midst of a restructuring scheme to boost profitability across the group, writes Reuters.

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