M&A Deal Summary

Platinum Equity Acquires E&A Scheer

On January 11, 2024, private equity firm Platinum Equity acquired beverage company E&A Scheer from The Riverside Company

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Beverages sector.
  • This is Platinum Equity’s 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2024-01-11
Target E&A Scheer
Sector Beverages
Buyer(s) Platinum Equity
Sellers(s) The Riverside Company
Deal Type Secondary Buyout

Target

E&A Scheer

Amsterdam, Netherlands
E&A Scheer is a global blender and vendor of premium rum in bulk. E&A Scheer is based in Amsterdam, Netherlands.

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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 140 of 150
Sector (Beverages) 2 of 2
Type (Secondary Buyout) 37 of 41
Country (Netherlands) 3 of 3
Year (2024) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 ASB

Grovetown, Georgia, United States

ASB is a designer, manufacturer, and distributor of athletic-oriented apparel, team uniforms, sportswear and related accessories. ASB was founded in 1977 and is based in Grovetown, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Hunterstown Power

Gettysburg, Pennsylvania, United States

Hunterstown Power is a combined-cycle gas turbine generating power plant that provides 810 MW to the PJM (Met-Ed) 500kV grid, with enough to supply more than 648,000 homes. Hunterstown Power is based in Gettysburg, Pennsylvania.

Sell -

Seller(S) 1

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 190 of 191
Sector (Beverages) 2 of 2
Type (Secondary Buyout) 77 of 77
Country (Netherlands) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Energy Exemplar

Adelaide, Australia

Energy Exemplar is a developer and marketer of the PLEXOS and Aurora suite of energy market simulation and modeling software. PLEXOS is used across every region of the world for a wide range of applications, from short-term analysis to long-term planning studies. Energy Exemplar was formed in 1999 and is based in Adelaide, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 Townsend Group

Cleveland, Ohio, United States

Townsend Group provides global real estate and real asset investment advisory services. The company offers complementary asset management, advisory, and capital solutions to LPs and GPs via funds, secondaries, co-investments, and direct investments. It advises global public and private pension plans, insurers, sovereign wealth funds, endowments, and foundations. Townsend Group was established in 1983 and is based in Cleveland, Ohio.

Buy -