M&A Deal Summary

Platinum Equity Acquires Pistons Sports & Entertainment

On April 8, 2011, private equity firm Platinum Equity acquired leisure company Pistons Sports & Entertainment

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Leisure sector.
  • This is Platinum Equity’s 38th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in Michigan.

M&A Deal Summary
Date 2011-04-08
Target Pistons Sports & Entertainment
Sector Leisure
Buyer(s) Platinum Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Pistons Sports & Entertainment

Auburn Hills, Michigan, United States
Pistons Sports & Entertainment hosts, produces, and manages premier sporting and entertainment events in Michigan. Assets include NBA Team Detroit Pistons, The Palace of Auburn Hills and DTE Energy Music Theatre.

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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 45 of 148
Sector (Leisure) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 21
State (Michigan) 3 of 7
Country (United States) 38 of 116
Year (2011) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-30 Keystone Automotive Operations

Exeter, Pennsylvania, United States

Keystone Automotive Operations, Inc. is a distributor and marketer of specialty aftermarket equipment and accessories. Keystone markets products to serve the following six category segments: truck and off-road; speed and performance; recreational vehicle; towing; wheels, tires and performance handling; and miscellaneous accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-24 Active Aero Group Holdings

Belleville, Michigan, United States

Active Aero Group Holdings, Inc. is a full service premium logistics and expedited air cargo companies servicing the on-demand air freight and ground market segments in North America.

Buy -
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