M&A Deal Summary

Platinum Equity Acquires Winc

On March 13, 2017, private equity firm Platinum Equity acquired distribution company Winc from Staples

Acquisition Highlights
  • This is Platinum Equity’s 5th transaction in the Distribution sector.
  • This is Platinum Equity’s 2nd transaction in Australia.

M&A Deal Summary

Date 2017-03-13
Target Winc
Sector Distribution
Buyer(s) Platinum Equity
Sellers(s) Staples
Deal Type Divestiture

Target

Winc

Mascot, Australia
Winc is a distributor of business products and services in Australia. The Company serves a diverse customer base: corporate customers including small, medium, and enterprise businesses; government customers including federal, state and territory governmental organizations in Australia; plus various education related customers. Winc is based in Mascot, New South Wales.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 82 of 156
Sector: Distribution M&A 5 of 15
Type: Divestiture M&A Deals 43 of 59
Country: Australia M&A 2 of 3
Year: 2017 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 Interior Logic

San Diego, California, United States

Interior Logic is a provider of outsourced design center and installation services to homebuilders for new housing construction, including flooring, cabinets, countertops, other home finishes, as well as repair and remodel services to multi-family property owners. Interior Logic is based in San Diego, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Verra Mobility

Mesa, Arizona, United States

Verra Mobility is a provider of smart mobility, serving the world's largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Verra Mobility maintains its leadership position in the marketplace through meaningful scale and has demonstrated consistent revenue growth underscored by its differentiated transaction processing model. Verra Mobility was founded in 2016 and is based in Mesa, Arizona.

Buy -

Seller(S) 1

SELLER

Staples

Framingham, Massachusetts, United States

Category Company
Founded 1985
Sector Retail
Employees42,554
Revenue 18.2B USD (2017)
DESCRIPTION
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.

Staples is an office supply retailer. Staples sells and distributes a variety of office products for consumers as well as small to large companies around the world. Staples was founded in 1985 and is based in Framingham, Massachusetts.


DEAL STATS #
Overall 7 of 10
Sector: Distribution M&A 1 of 2
Type: Divestiture M&A Deals 7 of 10
Country: Australia M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Staples Solutions

Amsterdam, Netherlands

Staples Solutions is a provider of workplace products, services, and solutions to small, mid-sized, and large businesses in Europe. Through our integrated offering, Staples Solutions is the partner of choice to meet the diverse needs of the workplace of today and tomorrow.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-16 SchoolKidz

Woodridge, Illinois, United States

SchoolKidz provides kitting solutions for elementary and middle-school students through various parent (PTA/PTO), school, and charitable organizations. The SchoolKidz Teacher Tailored offering provides school supply kits to over 3,000 schools nationwide. It also operates KitsforKids.com, a program serving non-profit organizations. Organizations select KitsforKidz to provide essential goods for both educational and humanitarian purposes. SchoolKidz was formed in 1995 and is based in Woodridge, Illinois.

Sell -