M&A Deal Summary

Platinum Equity Acquires Jostens

On November 7, 2018, private equity firm Platinum Equity acquired consumer products company Jostens from Newell Brands for 1.3B USD

Acquisition Highlights
  • This is Platinum Equity’s 2nd transaction in the Consumer Products sector.
  • This is Platinum Equity’s 13th largest (disclosed) transaction.
  • This is Platinum Equity’s 80th transaction in the United States.
  • This is Platinum Equity’s 4th transaction in Minnesota.

M&A Deal Summary
Date 2018-11-07
Target Jostens
Sector Consumer Products
Buyer(s) Platinum Equity
Sellers(s) Newell Brands
Deal Type Divestiture
Deal Value 1.3B USD

Target

Jostens

Minneapolis, Minnesota, United States
Jostens' corporate headquarters in Minneapolis, Minnesota.
Jostens' corporate headquarters in Minneapolis, Minnesota.
Jostens is a producer of school-related affinity products, including yearbooks, class rings, announcements and accessories, diplomas, caps and gowns and school photography. Jostens' products celebrate important moments and recognize achievements in high schools, colleges and middle schools and the Company is also a leading provider of products to athletic chmiampions and their fans.

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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 97 of 150
Sector (Consumer Products) 2 of 6
Type (Divestiture) 51 of 59
State (Minnesota) 4 of 5
Country (United States) 80 of 118
Year (2018) 10 of 10
Size (of disclosed) 13 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Sigura

Alpharetta, Georgia, United States

Sigura is a provider of water treatment solutions for residential pool care and industrial water care. The Company has six production facilities in North America, South America, and EMEA, with sales locations globally.

Buy $630M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Grupo Terratest

Madrid, Spain

Grupo Terratest is a specialized international contractor providing foundation work, ground improvement, and micro-tunneling services for large-scale infrastructure projects and industrial, commercial and residential construction. Grupo Terratest was founded in 1959 and is based in Madrid, Spain.

Sell -

Seller(S) 1

SELLER

Newell Brands

Atlanta, Georgia, United States
Category Company
Founded 1903
Sector Consumer Products
Employees24,600
Revenue 8.1B USD (2023)
DESCRIPTION
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.
Entrance to Newell Brands' corporate headquarters in Atlanta, Georgia.

Newell Brands is a marketer of consumer and commercial products. The Company's portfolio of leading brands include Rubbermaid, Sharpie, Graco, Calphalon, Irwin, Lenox, Levolor, Paper Mate, Dymo, Waterman, Parker, Goody, Rubbermaid Commercial Products and Aprica. Newell Brands was formerly known as Newell Rubbermaid. Newell Brands was founded in 1903 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 19 of 21
Sector (Consumer Products) 9 of 9
Type (Divestiture) 18 of 20
State (Minnesota) 1 of 1
Country (United States) 18 of 20
Year (2018) 3 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Goody Products

Atlanta, Georgia, United States

Goody Products is a manufacturer of hair styling tools and accessories. Goody Products was founded in 1907 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Jadex

Greer, South Carolina, United States

Jadesx is a manufacturer and material sciences company that offers custom-designed plastic, nylon, monofilament and zinc products in the health care, consumer, and industrial end markets.

Sell $500M
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