M&A Deal Summary

Platinum Equity Acquires Elevate Textiles

On October 24, 2016, private equity firm Platinum Equity acquired apparel/textiles company Elevate Textiles

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Apparel/Textiles sector.
  • This is Platinum Equity’s 66th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2016-10-24
Target Elevate Textiles
Sector Apparel/Textiles
Buyer(s) Platinum Equity
Deal Type Going Private

Target

Elevate Textiles

Greensboro, North Carolina, United States
Elevate Textiles is a global, diversified provider of textile solutions across performance & specialty apparel fabrics, advanced uniform fabrics, technical commercial fabrics and engineered automotive components. ITG’s businesses include: Burlington, Cone Denim, Safety Components and Carlisle Finishing.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 79 of 146
Sector (Apparel/Textiles) 1 of 4
Type (Going Private) 9 of 11
State (North Carolina) 3 of 4
Country (United States) 66 of 115
Year (2016) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 MACtac

Stow, Ohio, United States

MACtac LLC is a manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Valpak

Petersburg, Florida, United States

Valpak is a direct marketing service provider. The Business reaches more than 100 million consumers primarily through Valpak "Blue Envelope" household mailers and its digital offering Valpak.com, as well as Savings.com an online provider of digital coupons and promotional codes.

Buy -
Mergr

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