M&A Deal Summary

Platinum Equity Acquires XD Connects

On September 11, 2025, private equity firm Platinum Equity acquired consumer products company XD Connects from Rivean Capital

Acquisition Highlights
  • This is Platinum Equity’s 7th transaction in the Consumer Products sector.
  • This is Platinum Equity’s 4th transaction in the Netherlands.

M&A Deal Summary

Date 2025-09-11
Target XD Connects
Sector Consumer Products
Buyer(s) Platinum Equity
Sellers(s) Rivean Capital
Deal Type Secondary Buyout

Target

XD Connects

Rijswijk, Netherlands
XD Connects is a designer & provider of niche segments for higher-quality functional promotional products/business gifts for the B2B and B2C market, serving 4,500 distributors all over Europe. XD Connects was founded in 1986 and is based in Rijswijk, Netherlands.

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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 155 of 156
Sector: Consumer Products M&A 7 of 8
Type: Secondary Buyout M&A Deals 41 of 42
Country: Netherlands M&A 4 of 4
Year: 2025 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-18 Anuvu

Lombard, Illinois, United States

Anuvu is a provider of media, content, connectivity, and data analytics to markets across air, sea, and land. Anuvu offers a fully integrated suite of rich media content and seamless connectivity solutions to airlines, cruise lines, commercial ships, high-end yachts, ferries, and land locations worldwide. Global Eagle Entertainment was founded in 2004 and is based in Lombard, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-15 PlayPower

Huntersville, North Carolina, United States

PlayPower is a manufacturer of commercial playground systems and recreational equipment. With operations in both the US and Europe, the Company manufactures and markets a wide range of innovative products including commercial playground equipment, floating docks and boat/personal watercraft lifts, contained play systems, site amenities, and other related products. PlayPower is based in Huntersville, North Carolina.

Buy -

Seller(S) 1

SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 43 of 43
Sector: Consumer Products M&A 2 of 2
Type: Secondary Buyout M&A Deals 22 of 22
Country: Netherlands M&A 26 of 26
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 Crowe

Eindhoven, Netherlands

Crowe is an accounting and auditing firm. Crowe was founded in 1961 and is based in Eindhoven, Netherlands.

Buy -