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M&A Deal Summary

Platinum Equity Acquires Schutt Sports

On December 16, 2010, private equity firm Platinum Equity acquired consumer products company Schutt Sports for 33M USD

Acquisition Highlights
  • This is Platinum Equity’s 1st transaction in the Consumer Products sector.
  • This is Platinum Equity’s 31st largest (disclosed) transaction.
  • This is Platinum Equity’s 36th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in Illinois.
Investment Fate
  • Schutt Sports was sold to management in 2018.

M&A Deal Summary
Date 2010-12-16
Target Schutt Sports
Sector Consumer Products
Buyer(s) Platinum Equity
Deal Type Special Situations/Distressed
Deal Value 33M USD

Target

Schutt Sports

Litchfield, Illinois, United States
Schutt Sports, Inc. is a manufacturer and provider of football, softball, baseball and basketball equipment to the youth, high school, college and professional markets.

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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 42 of 156
Sector: Consumer Products M&A 1 of 8
Type: Special Situations/Distressed M&A Deals 4 of 4
State: Illinois M&A 3 of 6
Country: United States M&A 36 of 121
Year: 2010 M&A 6 of 6
Size (of disclosed) 31 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Ulticom

Mount Laurel, New Jersey, United States

Ulticom provides service essential signaling component and system solutions for wireless, wireline, and Internet communications. Ulticom's products are used by leading telecommunication equipment and service providers worldwide to deploy broadband mobile access, multimedia transport control, subscriber data management and enhanced communication services.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Contego Healthcare

Bagshot, United Kingdom

Contego Healthcare is one of Europe’s leading and most technically advanced packaging manufacturers, makes cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets. Contego Healthcare has a pan European focus with ten manufacturing sites in the UK, Italy, Germany, France and Ireland.

Buy -
Mergr

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