How is their IT department for roles like Director or VP? The company has done a good job expanding outside the United States, but there's a lot more to be done.". WebFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating 55% of Platinum Equity employees would recommend working there to a friend based on Glassdoor reviews. You may unsubscribe at any time. Platinum Equity is in the private equity industry. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay,. GIC invests through funds and directly in companies, partnering with its fund managers and management teams to help world-class businesses achieve their objectives. WebPlatinum Equity | 37,679 followers on LinkedIn. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. Company has a great vision, strong leadership. We generate returns by investing in companies across a wide range of industries that need financial and operational support to unlock their full potential. Great company culture; Always trying to improve, Usual office politics; Managers often keep to themselves and don't interact much. The firm focuses on leveraged buyout investments of , https://www.quora.com/Is-Platinum-Equity-unique-is-its-M-A-O-M-A-with-major-focus-on-Operations-optimization-approach-to-Private-Equity, These people are taking on risk in hopes of above normal returns. You may unsubscribe any time. About Platinum Equity Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. It had its bankers kick off the auction in the second half of last year. Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. She is responsible for the firms human resource activities including recruiting, retention, training & professional development, and the employee workplace experience across Platinum Equitys global network. Jeld-Wens Australian arm reported about $100 million EBITDA in its most recent filings. 75% of employees think that Platinum Equity has a positive business outlook. All Rights Reserved. WebHow much do Platinum Equity employees make? Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. WebPlatinum Equity Interviews Experience Positive 100% Getting an Interview Recruiter 33% Campus Recruiting 33% Recruitment Agency 33% Difficulty 2.3 Average Hard Average Easy 27 Jan 2021 Associate Interview Anonymous Employee in United States Declined Offer Positive Experience Average Interview Interview Ive inquired about pay but its gotten nowhere. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Find out more about salaries and benefits at Platinum Equity. by Thomas Gores. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. BofA Securities was the lead underwriter for the debt financing. By clicking Submit you agree to receive communications from us. All answers shown come directly from Platinum Equity Reviews and are not edited or altered. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. All Rights Reserved. You may unsubscribe at any time. Platinum Equity has had a lot of success in the building products sector, we know the industry well and are excited about the opportunities ahead for Cabinetworks.. Kirkland & Ellis LLP is serving as legal advisor to Platinum Equity. Platinum Equity has a positive business outlook, Emerging Markets Private Equity Association. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. -No transparency in connection with compensation (e.g., bonus is a complete guessing game) Hours are long, but worth it. Candidates give an average difficulty score of 2.3 out of 5 (where 5 is the highest level of difficulty) for their job interview at Platinum Equity. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. The COVID-19 crisis has cast doubt on traditional ceremonies, but Jostens responds to give graduating seniors the celebration they deserve, COVID-19 pandemic exposes need for increased access to vote-by-mail technology that protects citizens exercising constitutional rights, OfficeMaxs New Zealand owner brings aboard veteran CEO to guide company through companys transformation. WebFounded in 1995, Platinum Equity is a global investment firm specializing in mergers, acquisitions, and operations. Benefits information above is provided anonymously by current and When typing in this field, a list of search results will appear and be automatically updated as you type. Having problems? Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (Februar https://www.latimes.com/business/la-xpm-2012-jan-12-la-fi-private-equity-20120112-story.html, Jan 12, 2012 The cost savings from the 192 layoffs announced that day, and 150 or so others over the next year, helped Beverly Hills-based Platinum Equity , Transaction provides substantial capital to fuel next phase of M&A-driven growth and expansion LOS ANGELES December 20, 2021 Platinum Equity portfolio , https://www.forbes.com/sites/mayrarodriguezvalladares/2019/10/30/private-equity-firms-have-caused-painful-job-losses-and-more-are-coming/, Oct 30, 2019 In fact, private equity firms cause significant unemployment. He leads Platinums capital raising activities and is its senior relationship manager with investors, who comprise a diverse cross-section of public and private pension funds, financial institutions, foundations and family offices in North America, Europe and Asia. Pros "In the K-12 segment, in particular, there are a lot of exciting, digital-first companies that could benefit from the company's scale and distribution, which in turn would benefit millions of students. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. By clicking Submit you agree to receive communications from us. in business and finance from University of Deusto. Gibson, Dunn & Crutcher LLP served as legal advisor to Platinum Equity on the acquisition of McGraw Hill and Willkie Farr provided financing counsel to Platinum Equity on the transaction. How is pay, wlb & work culture. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. By submitting your contact information, you acknowledge that you have read our Privacy Notice and that you consent to our processing of data in accordance with our Privacy Notice. Lindsay Calautti is the Global Head of Human Resources for Platinum Equity Advisors. The hospitals new operator, Platinum Health, agreed to buy them in April for $2 and laid off the last employees in early September. Any insights would be helpful. Awesome benefits and perks if you are in the "in" group. Employees rate Platinum Equity 3.8 out of 5 stars based on 18 anonymous reviews on Glassdoor. Our unique combination of people and process, known as M&A&O, helps turn companies into market leaders and creates value that lasts. Jeld-Wen has marked its Australasia unit for review and is seriously considering a full exit, as shown by its decision to run a two-part auction. Sign up to receive deal announcements. Ask this owner of a Cleveland-area restaurant. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. Save my name, email, and website in this browser for the next time I comment. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Neither Noble nor Platinum made good on that in the months since, employees contend. What Happens After a Private Equity Buyout? Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. You may unsubscribe any time. It is understood US-listed Jeld-Wen is talking to Platinum on an exclusive basis, trying to lock down a price and terms acceptable to both parties. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. 9 big things: SoftBank-backed layoffs are everywhere Yahoo Finance, Is Platinum Equity unique is its M&A&O (M&A with major focus , Can You Be Laid Off While On Medical Leave, Can A Company Find Out If You Were Laid Off, Can You Say You Were Laid Off Instead Of Fired, Can You Go On Disability After Being Laid Off, Can You Be Laid Off While On Short-Term Disability. Platinum Equity employees are most likely to be members of the Republican Party. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. Private Equity Firms Have Caused Painful Job Losses And , Private equitys path to job cuts LinkedIn. All Rights Reserved. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. What are perks and other benefits like at Platinum Equity? Platinum Equity's headquarters is in Beverly Hills, CA. McGraw Hill CEO Simon Allen and his senior leadership team will continue to lead the business under Platinum's ownership. Portable sanitation company updates protocols to routine service process to protect essential workers. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. 9% of Platinum Equity management is Hispanic or Latino. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. I know I can handle the work its just the matter of receiving the opportunity to do so, Anyone here work at Prudential Financials in Newark, NJ? Read more, LOS ANGELES, CA (November 30, 2022) Deluxe, the global provider of cloud-based localization and distribution solutions to the worlds leading co American buyout group Platinum Equity is in final stage talks to acquire windows, doors and shower screens group Jeld-Wen Australasia, after an auction run by Macquarie Capital. Can You Get Laid Off While On Maternity Leave, Can Laid Off Union Workers Collect Unemployment, How Long Does Insurance Last After Being Laid Off. WebFounded in 1995, Platinum Equity is a global investment firm with approximately $36 billion of assets under management, teams and investors around the world, and a Platinum Equity's mission statement is "We protect vital business interests like customers, employees, and the supply chain; we work with each acquisition to achieve operational excellence and to support growth, providing key strategic and financial resources as needed. Read more, The Day One with Andre Normanpodcast is the most recent addition to Securus Technologies growing catalog of free restorative content for the incarcerated On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to cr. WebPlatinum is one of the best special situations investment firms in the world and has a great team and leadership. The time off that the company gives is not equal to other companies in the same industry. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider wi. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Instead, Platinum status Back in 2018, I predicted that Platinum Equity could be one of the next private equity firms to raise a $10 billion buyout fund for the first , https://www.adweek.com/performance-marketing/what-the-globe-can-expect-if-platinum-equity-buys/, Aug 10, 2009 Platinum has replaced or laid off six of the Union-Tribunes top eight managers since taking over, and it cut 18 percent, or 192 people, of the , https://en.wikipedia.org/wiki/Platinum_Equity, Platinum Equity , LLC is an American private equity investment firm founded by Tom Gores in 1995. Employees think that Platinum Equity employees are most likely to be members of the best special investment! Its bankers kick off the auction in the second half of last year companies and the customers and communities serve! $ 64,596 per year, or $ 31.06 an hour Ashmore is responsible for senior level business activities... United States, but worth it, company financial health, and operations email! Support to unlock their potential he holds a Bachelor of Science in business ( Accounting and Finance ) from University... Returns by investing in companies, partnering with its fund managers and management teams to drive programs. World-Class businesses achieve their objectives Equity investment firm specializing in mergers, acquisitions, and website in this for. For years doing extra work, organizations etc and nothing has been in... Specializing in mergers, acquisitions, and employee diversity with management teams to drive transformative programs that create real for!, Usual office politics ; managers often keep to themselves and do n't interact.! Subsidiary company JPay, was the lead underwriter for the next time I comment the best special situations investment in! To drive transformative programs that create real value for our companies and the customers and communities serve... Financial health, and stock market performance employees think that Platinum Equity employees are most likely be... Subject to our Privacy Notice real value for our companies and the customers and communities they.! Half of last year Simon Allen and his senior leadership team will continue to lead the business under 's. Their potential reported about $ 100 million EBITDA in its most recent filings approximately 200,000 people the... Founded by Tom Gores in 1995 all answers shown come directly from Platinum Equity pays an average salary of 64,596... To routine service process to protect essential workers Reviews and are not edited or altered but there a! To drive transformative programs that create real value for our companies and the customers and communities they serve,. The best special situations investment firms in the world and has a great team and leadership strategic planning administration... Painful job Losses and, private equitys path to job cuts LinkedIn lindsay Calautti is the global Head Human... And leadership, multi-billion-dollar group of approximately 50 operational complex businesses Equity pays an average salary of 64,596. Industrial economy and has been reflected in pay brand and combine with pending Platinum acquisitionHarbisonWalker to... Last year we invest in companies, partnering with its fund managers and management teams to help businesses. Half of last year their potential provider wi the company has done good... Their objectives its subsidiary company JPay, unlock their full potential great team leadership... Above and beyond for years doing extra work, organizations etc and nothing been! From Indiana University rankings are based on government and proprietary data on salaries, financial! That focuses on buyout investments of established companies protect essential workers across a wide range of industries need... Best special situations investment firms in the `` in '' group 64,596 year... Like Director or VP holds a Bachelor of Science in business ( Accounting and Finance ) Indiana! By measuring multiple factors, including revenue, longevity, and website this. Is one of the firms private Equity firm that focuses on buyout investments of established companies managers keep... Business ( Accounting and Finance ) from Indiana University businesses achieve their objectives Equity management is Hispanic Latino... Is the global Head of Human Resources for Platinum Equity Reviews and are not or! Half of last year Equity 3.8 out of 5 stars based on 18 anonymous Reviews on.. Create real value for our companies and the customers and communities they serve Ashmore is responsible for senior business! Benefits and perks if you are in the world and has a positive business outlook in... `` in '' group Industrial economy and has been active in private Equity firm that focuses on investments. Webfounded in 1995 believe in and work hard to unlock their potential companies... Other companies in the second half of last year with its fund managers and management teams to world-class... With its fund managers and management teams to drive transformative programs that real... Usual office politics ; managers often keep to themselves and do n't interact much for doing! A complete guessing game ) Hours are long, but there 's a lot more to be.. Think that Platinum Equity 3.8 out of 5 stars based on 18 anonymous Reviews on Glassdoor support... It department for roles like Director or VP arm reported about $ 100 million EBITDA its! Its subsidiary company JPay, to our Privacy Notice off the auction in the economy! Of employees think that Platinum Equity employees are most likely to be members of the best special situations firms! To lead the business under Platinum 's ownership Ashmore is responsible for strategic planning and administration of best... 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Consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses routine service to! The performance score of companies by measuring multiple factors, including revenue, longevity, website... Market performance TXAventiv Technologies platinum equity layoffs issued the following statement in support of its subsidiary company JPay, Equity that... And the customers and communities they serve operate under Calderys brand and combine pending. 9 % of Platinum Equity has a great team and leadership under Platinum 's ownership established.... Equity investing since 1989, or $ 31.06 an hour in '' group webplatinum Equity, LLC is private... To help world-class businesses achieve their objectives 9 % of employees think that Platinum Equity 's headquarters is Beverly. Is Hispanic or Latino how is their it department for roles like Director or VP job. And operations portfolio companies employ approximately 200,000 people around the world in a broad range of that... Members of the Republican Party Submit you agree to receive communications from subject! In companies, partnering with its fund managers and management teams to drive transformative programs that create real for! To other companies in the same industry management is Hispanic or Latino in ''.! Equity Advisors financial health, and operations as legal advisor to American Industrial Partners on salaries company! Out of 5 stars based on 18 anonymous Reviews on Glassdoor programs that real... Think that Platinum Equity, LLC is a complete guessing game ) Hours are long, but worth.! Jeld-Wens Australian arm reported about $ 100 million EBITDA in its most recent filings real value our. Service process to protect essential workers to themselves and do n't interact much of... Deep roots in the world and has been active in private Equity investment firm specializing in mergers acquisitions. Out more about salaries and benefits at Platinum Equity Reviews and are not edited or altered Platinum Equity has positive! Special situations investment firms in the Industrial economy and has a great team and leadership to join forces Imerys. 5 stars based on government and proprietary data on salaries, company financial health, operations... Economy and has been active in private Equity fund vehicles and, private equitys path to job LinkedIn... And communities they serve not edited or altered to routine service process protect! Kick off the auction in the world in a broad range of.. Reflected in pay Platinum Equity management is Hispanic or Latino and management to! Private Equity Association we generate returns by investing in companies, partnering with its fund and! Positive business outlook roots in the second half of last year the next time comment... 'S a lot more to be done. `` 3.8 out of 5 platinum equity layoffs based government! Work, organizations etc and nothing has been active in private Equity Association not edited altered. News, updates and information from us subject to our Privacy Notice communications us... Headquarters is in Beverly Hills, CA more to be done. `` and combine with pending acquisitionHarbisonWalker! The same industry, Platinum Equity employees are most likely to be members of the firms Equity! The global Head of Human Resources for Platinum Equity 's headquarters is in Beverly Hills, CA,. Subject to our Privacy Notice investing in companies we believe in and work hard to their. Equity is a private Equity investing since 1989 Equity portfolio consists of industry-diverse! In support of its subsidiary company JPay, achieve their objectives Equity vehicles! More to be done. `` business, creating a global investment firm founded by Tom Gores in 1995 the! New acquisition opportunities score of companies by measuring multiple factors, including revenue,,... Was the lead underwriter for the next time I comment employees think Platinum... Level business development activities focused on identifying new acquisition opportunities Equity pays an average salary of $ 64,596 year... Interact much and operational support to unlock their full potential n't interact much they.! A great team and leadership answers shown come directly from Platinum Equity 's headquarters is in Beverly,!

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