Other companies that Platinum Equity previously invested in within the building products ecosystem include Interior Logic Group, the largest national provider of interior design and finish solutions for the homebuilding industry, and PrimeSource, a national distributor of specialty building materials including fasteners serving the new-construction and remodeling markets. Claim your Free Employer Profile. However, there's a significant range between what the company pays the top 10 As long as American students are unable to compete on the global stage of educational excellence, and as long as the progressive educational leaders of our country advocate rejecting achievement and merit in favor of equal results "equity" you can't blame American companies for seeking and outsourcing contractors/employees who can Does anyone know about the Operation sales support analyst role at blackrock? None of the information on this page has been provided or approved by Platinum Equity. "In addition to continued organic growth, McGraw Hill has a great opportunity to expand its reach and impact through new complementary acquisitions," said Platinum Equity Managing Director Luke Myers. How is their IT department for roles like Director or VP? The company has done a good job expanding outside the United States, but there's a lot more to be done.". 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. For more information about GIC, please visit www.gic.com.sg. Graduation gear not needed? WebPlatinum Equity | 43,013 followers on LinkedIn. The LA firm doesnt have an Australian office, but pops up in local auctions every year or so, targeting corporate carve-outs which is its specialty globally. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students and professionalsCOLUMBUS, Ohio ( You can get in trouble for knowing too much and get in trouble for not knowing enough. Its not uncommon for the buyout process to result in job cuts at target companies, which is one of the signature moves of private equity companies. McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. By clicking Submit you agree to receive communications from us. Raises and bonus are discretionary and will change with no notice. Our trademarked M&A&O strategy goes beyond traditional mergers and acquisitions, applying deep operational expertise to create long-term value for our investors, our companies and the communities they serve. Tell me about your prior experience in private equity. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. We are strongly committed to protecting your privacy. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Yak Access Receives 100% Lender Support for Restructuring and Recapitalization, PLATINUM EQUITY ANNOUNCES COMPLETION OF HARBISONWALKER INTERNATIONAL ACQUISITION. Mr. Chacartegui holds a MSc. Zippia gives an in-depth look into the details of Platinum Equity, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Platinum Equity. $30,400 to the Democratic Party. 55% of Platinum Equity employees would recommend working there to a friend based on Glassdoor reviews. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Based on the knowledge acquired during diligence, the M&A Operations team also works hand-in-hand with Platinum Equitys Portfolio Operations group to develop detailed post-acquisition transition, integration and long-term business plans tailored to the needs of the acquired business. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies. We are operators. To get a job at Platinum Equity, browse currently open positions and apply for a job near you. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solu. I thought my 5 year was going to finally show something but it did not. The firm is currently investing fromPlatinum Equity Capital Partners V, a $10 billion global buyout fund, andPlatinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Here are further demographic highlights of the leadership team: The Platinum Equity executive team is 24% female and 76% male. Joe Gross, Chief Executive Officer of Cabinetworks, said: This transaction is another important milestone of success for our Cabinetworks team. Can I Be Laid Off While On Workers Compensation? On the fly travel - if that's not your thing. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. WebLindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. Ms. Calautti holds a Bachelors degree from The College of St. Rose and a Masters Degree from Harvard University. You may unsubscribe any time. perks include free tickets to sports events and breakfast buffets every first friday of the month. You may unsubscribe any time. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a lan Business Based on 6 salaries Vice President 3 salaries Managing Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal We are strongly committed to protecting your privacy. https://www.latimes.com/business/la-xpm-2012-jan-12-la-fi-private-equity-20120112-story.html, Jan 12, 2012 The cost savings from the 192 layoffs announced that day, and 150 or so others over the next year, helped Beverly Hills-based Platinum Equity , Transaction provides substantial capital to fuel next phase of M&A-driven growth and expansion LOS ANGELES December 20, 2021 Platinum Equity portfolio , https://www.forbes.com/sites/mayrarodriguezvalladares/2019/10/30/private-equity-firms-have-caused-painful-job-losses-and-more-are-coming/, Oct 30, 2019 In fact, private equity firms cause significant unemployment. in business and finance from University of Deusto. You may unsubscribe any time. Good discussion. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. You may unsubscribe at any time. platinum equity platinum equity co platinum equity corp platinum equity inc platinum equity llc platinum equity llc Platinum Equity Global Presence Search All Employees Headquartered in Singapore, GIC employs over 1,700 people across 10 offices in key financial cities worldwide. Sign up to receive deal announcements. WebFounded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a "McGraw Hill has the best talent, content and technology in the industry and is a trusted partner to millions of educators, learners and professionals around the world," said Mr. Allen. Proceed with caution. Jacob Kotzubei, a Partner at Platinum Equity, said: Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth. Dan WhelanPlatinum Equity(310) 282-9202[emailprotected], Tyler ReedMcGraw Hill(914) 512-4853[emailprotected], Cision Distribution 888-776-0942 Prior to joining Platinum Equity in 2005, Ms. Chapman was a Vice President in the International Private Equity Group of Trust Company of the West (TCW) in Los Angeles where she traveled extensively representing TCWs interest with their joint venture partners. Read employee reviews and ratings on Glassdoor to decide if Platinum Equity is right for you. Prior to joining Platinum Equity in 2017, Mr. Chacartegui held a 7 year career at The Gores Group where he was a Managing Director based in London. How is their IT department for roles like Director or VP? Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. Over the past 25 years Platinum Equity has completed more than 300 acquisitions. This is based on anonymous employee reviews submitted on Glassdoor. Find out more about, 55% of Platinum Equity employees would recommend working there to a friend, Great company - lots of benefits but high turnover, Great fast moving environment requiring lots of responsibility and initiative, Emerging Markets Private Equity Association. Signing up for our Newsletter is subject to our Privacy Notice. Copyright 2023, Platinum Equity Advisors, LLC. From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. She is a key member of the team that works with the Limited Partners. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. All Rights Reserved. Having problems? Working At Daiwa Capital Markets America Holdings Inc. BofA Securities was the lead underwriter for the debt financing. Platinum Equity is in the private equity industry. Headquartered in New York City, McGraw Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK12, higher education, professionals and others available in more than 80 languages. Have you worked at Platinum Equity? Gibson, Dunn & Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of McGraw Hill and Willkie Farr provided financing counsel to Platinum Equity on the transaction. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and e. How is pay, wlb & work culture. Her responsibilities include Fund audits, track record updates and investor inquiries. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. Is it possible to break into IB, consulting or corporate development without a masters and without a top of the line GPA? Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Prior to joining Platinum Equity in 2014, Mr. Ashmore was Executive Vice President of Planning and Development at Emerson (NYSE:EMR). All Rights Reserved. Recent News and Discussions About Platinum Equity Layoffs Private-equity industry: A bad rep, but is it deserved? Today, McGraw Hill generates more than 60% of its revenue from digital products and services, and more than 80% in its Higher Education business. "In the K-12 segment, in particular, there are a lot of exciting, digital-first companies that could benefit from the company's scale and distribution, which in turn would benefit millions of students. After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum The firm focuses on leveraged buyout investments of established companies in the U.S. and He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Changes wont be saved until you sign up for an Enhanced Profile subscription. Popular Searches Platinum Equity Platinum Equity Co Platinum Equity Corp Platinum Equity Inc platinum equity LLC Revenue $144.3 M Employees 300 Founded 1995 Primary Industries We are change agents. Copyright 2023, Platinum Equity Advisors, LLC. She is responsible for the firms human resource activities including recruiting, retention, training Stephanie Chapman is the Chief Accountant for Platinum Equitys funds. "I'm excited to work with the team at Platinum to continue growing our business for our employees and investors, and most of all to help our customers achieve success and thrive.". a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. WebPlatinum Equity pays an average salary of $348,258 and salaries range from a low of $307,194 to a high of $393,294. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. You can have a great strategy, but if you dont have the people to execute, you have nothing. We are investors. As I wrote a few weeks ago, economists at Harvard University and the University of , https://www.linkedin.com/feed/news/private-equitys-path-to-job-cuts-4715708, Researchers found that private equity takeovers typically result in significant job losses , with an average of 4.4% of a companys jobs vanishing in the first , https://www.sandiegouniontribune.com/sdut-bn07layoffs145114-2009may07-htmlstory.html, May 7, 2009 The San Diego Union-Tribune conducted a round of layoffs in all The move comes three days after Platinum Equity , a Beverly Hills private , https://budgeting.thenest.com/happens-after-private-equity-buyout-28601.html. WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. Verify your email to use filters. Any insights would be helpful. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay,. The announcement was made by Chris Reynolds, Deluxes Executive Vice President and General Manager of Worldwide Localization and Fulfillment. by Thomas Gores. According to reviews on Glassdoor, employees commonly mention the pros of working at Platinum Equity to be career development, benefits, culture and the cons to be work life balance, senior leadership, compensation. Commercial Customer Service Representative. Platinum Equity employees are most likely to be members of the Republican Party. School memorabilia manufacturer pivots to providing for essential workers. By clicking Submit you agree to receive communications from us. No performance reviews. It is a stressful industry, but Platinum was a great place to work. When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistr Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Platinum Equity's mission statement is "We protect vital business interests like customers, employees, and the supply chain; we work with each acquisition to achieve operational excellence and to support growth, providing key strategic and financial resources as needed. All Rights Reserved. WebFounded in 1995, Platinum Equity is a global investment firm specializing in mergers, acquisitions, and operations. On the fly travel - if that's not your thing. He then graduated from the Keck School of Medicine at the University of Southern California and went on to become a practicing head and neck surgeon prior to joining Platinum. All content is posted anonymously by employees working at Platinum Equity. Opens the Fishbowl by Glassdoor site in a new window, Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. 55% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Platinum Equity employees rate their compensation and benefits as 3.7 out of 5. They have built an attractive platform and helped transform the industry, and there is also a significant amount we can do together to continue their history of innovation and grow the business both organically and through additional M&A activity. Overall, 55% of employees would recommend, Work Here? Pros You may unsubscribe at any time. The firm focuses on leveraged buyout investments of established companies in the U.S. and Europe.The firm is headquartered in Beverly Hills, California with regional offices in Boston, New York and London. Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. Company has a great vision, strong leadership. Platinum Equity pays the highest-paid employees over $134,000 a year, while the lowest-paid employees are paid less than $30,000. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. -No transparency in connection with compensation (e.g., bonus is a complete guessing game) GIC has investments in over 40 countries around the world. Announcement was made by Chris Reynolds, Deluxes Executive Vice President and General Manager of Worldwide localization and.... 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