M&A Deal Summary

Platinum Equity Acquires SVP Worldwide

On June 10, 2021, private equity firm Platinum Equity acquired consumer products company SVP Worldwide from Ares Private Equity Group

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Consumer Products sector.
  • This is Platinum Equity’s 97th transaction in the United States.
  • This is Platinum Equity’s 3rd transaction in Tennessee.

M&A Deal Summary

Date 2021-06-10
Target SVP Worldwide
Sector Consumer Products
Buyer(s) Platinum Equity
Sellers(s) Ares Private Equity Group
Deal Type Secondary Buyout
Advisor(s) CG Sawaya Partners (Financial)
Morgan Lewis (Legal)

Target

SVP Worldwide

LaVergne, Tennessee, United States
SVP Worldwide is a consumer sewing machine company with market shares across all industry price points. SVP unites three of the industry's most widely recognized brands, Singer, Husqvarna Viking, and Pfaff, that successfully target distinct market segments. SVP and it's legacy companies, Singer Worldwide was formed in 1851 and is based in LaVergne, Tennessee.

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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 121 of 150
Sector (Consumer Products) 3 of 6
Type (Secondary Buyout) 26 of 41
State (Tennessee) 3 of 3
Country (United States) 97 of 118
Year (2021) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Urbaser

Madrid, Spain

Urbaser is a global environmental management company oriented towards sustainability and innovation, serving more than 70 million people in 25 countries through a network of more than 50,000 employees. Urbaser was founded in 1990 and headquartered in Madrid, Spain.

Buy $4.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-15 McGraw Hill Education

New York, New York, United States

McGraw Hill Education is a provider of high-quality educational material and learning solutions for students, instructors, and institutions around the world. McGraw Hill Education was founded in 1888 and is based in New York City.

Buy $4.5B

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 40 of 44
Sector (Consumer Products) 6 of 6
Type (Secondary Buyout) 15 of 16
State (Tennessee) 1 of 1
Country (United States) 35 of 39
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Farrow & Ball

Dorset, United Kingdom

Farrow & Ball is dedicated to creating eco-friendly paint and wallpaper using only the finest ingredients and richest pigments. The result is a directional palette of paint colors with an extraordinary response to light and artisanal wallpapers with a tactile finish, uniquely achieved by printing paint on paper. Farrow & Ball was formed in 1946 and is based in Dorset, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Resource Label Group

Franklin, Tennessee, United States

Resource Label Group is a full-service label company providing custom label design and printing for a wide range of industries. In addition to complete label printing capabilities, our label company offers specialty label customizations. Resource Label Group was established in 1996 and is based in Franklin, Tennessee.

Buy -