TenCate sells Enbi to Platinum Equity

By Iris Dorbian — 1 year ago

Platinum Equity has agreed to buy Enbi from TenCate. No financial terms were disclosed for the transaction, which is expected to be completed during the first half of this year. Enbi is a provider of paper transport, fusing and image transfer rollers for the office equipment market.

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Platinum Equity closes buy of segments of ARM business from EGS

By Iris Dorbian — 1 year ago

Platinum Equity has completed the acquisition of “certain segments” of Expert Global Solutions‘ accounts receivable management business. No financial terms were disclosed. Those segments have been consolidated and will now operate as Transworld Systems. And, Tim Galloway has been named president of Transworld Systems.

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Goldman, Rhône Capital buy Neovia Logistics

By Luisa Beltran — 1 year ago

Platinum Equity said Monday it sold Neovia Logistics to Goldman Sachs and Rhône Capital. Financial terms weren’t announced. Neovia Logistics provides warehouse management and fulfillment services, distribution solutions and logistics services. Platinum Equity acquired 65 percent of the business, formerly Caterpillar Logistics Services, in July 2012 while Caterpillar retained a 35 percent stake. Macquarie Capital and UBS served as financial advisors to Platinum Equity. Goldman Sachs and Deutsche Bank Securities acted as financial advisors to the buyer.

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MegaPath to sell Wholesale business to Pivotal Group

By Luisa Beltran — 1 year ago

MegaPath Corp., which is backed by Platinum Equity, said Monday that it has agreed to sell its Wholesale business and national colocation aggregation network to Pivotal Group. Financial terms were not announced. Pivotal plans to merge the MegaPath assets with its portfolio company, Global Capacity. Pleasonton, Calif.-based MegaPath provides managed voice, data, security and cloud services in North America. Bank Street provided financial advice to MegaPath. Phoenix-based Pivotal is a diversified investment company focuses on private equity and real estate.

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