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 Riverside

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) Riverside
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 was founded in 1712 and 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 50.0B 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 139 of 156
Sector: Beverages M&A 2 of 2
Type: Secondary Buyout M&A Deals 36 of 42
Country: Netherlands M&A 3 of 4
Year: 2024 M&A 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-02 Horizon Organic

Broomfield, Colorado, United States

Horizon Organic is a brand of certified organic foods in the United States and a brand of certified organic milk in both the United States and the United Kingdom. Horizon Organic was founded in 1991 and is based in Broomfield, Colorado.

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

Riverside

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 194 of 209
Sector: Beverages M&A 2 of 2
Type: Secondary Buyout M&A Deals 77 of 84
Country: Netherlands M&A 1 of 1
Year: 2024 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 On Location

Mount Laurel, New Jersey, United States

On Location is a provider of labor-management needs (install and dismantle) for exhibits (e.g. tradeshows), events (e.g. annual meetings) and environments (e.g. lobby buildouts) for exhibits, events, and environments that deliver a positive Return on Experience (ROE) for customers. On Location was founded in 1991 and is based in Mount Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Hiway Group

Auckland, New Zealand

Hiway Group provides solutions for road, rail and pavement stabilization, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway Group was founded in 1982 and is based in Auckland, New Zealand.

Sell -