platinum equity layoffs

WebHow much do Platinum Equity employees make? Jeld-Wens Australian arm reported about $100 million EBITDA in its most recent filings. Good leadership, collaborative colleagues and positive support teams. Igor Chacartegui is responsible for the structuring and execution of European acquisition and divestiture transactions. Opens the Fishbowl by Glassdoor site in a new window, Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Copyright 20082023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Find a Great First Job to Jumpstart Your Career, Learn How to State Your Case and Earn Your Raise, Platinum Equity thinks the companies it owns are just precious. Platinum Equity generates $3.6M in revenue. Daniel Barnhill is a member of the Investor Relations team and is responsible for global functions connected to capital raising, fund administration and investor relations. Graduation gear not needed? Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded legislators and regulators. We are builders. Business Based on 6 salaries Vice President 3 salaries Managing Director 1 salary View More Administrative Based on 5 salaries Executive Assistant 5 salaries View More Legal What are perks and other benefits like at Platinum Equity? Dan WhelanPlatinum Equity(310) 282-9202[emailprotected], Tyler ReedMcGraw Hill(914) 512-4853[emailprotected], Cision Distribution 888-776-0942 No performance reviews. 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. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. When typing in this field, a list of search results will appear and be automatically updated as you type. Mr. Chacartegui holds a MSc. Working At Daiwa Capital Markets America Holdings Inc. None of the information on this page has been provided or approved by Platinum Equity. Changes wont be saved until you sign up for an Enhanced Profile subscription. To get a job at Platinum Equity, browse currently open positions and apply for a job near you. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Ive inquired about pay but its gotten nowhere. Platinum Equity is ranked #13 on the Best Companies to Work For in Beverly Hills, CA list. About McGraw HillMcGraw Hill is a learning science company that delivers personalized learning experiences that drive results for students, parents, educators and professionals. You may unsubscribe any time. Nepotism run rampant here. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay,. All Rights Reserved. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Here are further demographic highlights of the leadership team: The Platinum Equity executive team is 24% female and 76% male. They have built an attractive platform and helped transform the industry, and there is also a significant amount we can do together to continue their history of innovation and grow the business both organically and through additional M&A activity. Glassdoor has 18 Platinum Equity reviews submitted anonymously by Platinum Equity employees. Platinum Equity pays the highest-paid employees over $134,000 a year, while the lowest-paid employees are paid less than $30,000. Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded leg. Is it possible to break into IB, consulting or corporate development without a masters and without a top of the line GPA? The international potential for McGraw Hill is substantial, too. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mark Barnhill manages functions connected to capital raising, fund administration, investor relations and corporate and external affairs for Platinum Equity and Platinum Equity Capital Partners. Platinum Equity is a global investment firm with six offices, 300+ professionals and operating expertise that spans all Platinum Equity, the private equity firm of Detroit Pistons owner Tom Gores, announced it has entered into a definitive agreement to acquire The Cabinetworks Group in Ann Arbor from American Industrial Partners, GIC, and other equity holders. Platinum Equity competitors include Excellis Health Solutions, Lq3 Pharmaceuticals, American Bankers Association, United Capital Financial Partners, NFP Ventures, Asset Management Company, Acquisition, Latin American Agribusiness Development, Ariel Investments, LEVEL5, Trust Company Of America, Daiwa Capital Markets America Holdings Inc., Fortis Financial, Lexington Partners. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad 55% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Platinum Equity employees rate their compensation and benefits as 3.7 out of 5. You can have a great strategy, but if you dont have the people to execute, you have nothing. 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. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. Highly volatile environment. Read more, Acquisition expands McGraw Hills position as a leading provider of trusted medical learning resources to students . How is their IT department for roles like Director or VP? 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 portfolio of approximately 40 operating companies that serve customers around the world. All Rights Reserved. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. 63% of the management team is White. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. The firm focuses on leveraged buyout investments of established companies in the U.S. and Europe.The firm is headquartered in Beverly Hills, California with regional offices in Boston, New York and London. We work closely with management teams to drive 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, building products, media and entertainment, technology, telecommunications and other industries. Read more, After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well. "McGraw Hill is one of the most trusted names in education and has been delivering best-in-class content for more than 130 years," said Platinum Equity Partner Jacob Kotzubei. Met with several senior members of the firm across various organizations/roles. -Good amount of responsibility and independence of thought, -Salaries not market competitive (disconnect between hours worked and compensation) You may unsubscribe any time. Platinum Equity is in the private equity industry. COVID-19 response illustrates one way the company is driving business transformation and industry reform to make products more accountable Portable sanitation company teams up with King County (Wash.) to protect those unable to adhere to social distancing guidelines, Company joins industry-wide effort that combines resources and expertise to increase production of personal protective equipment, Scottish companys assistance critical in the production of protective visors for healthcare workers. Save my name, email, and website in this browser for the next time I comment. Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provid However, its a tough market for industrial sector companies and M&A, with concerns about the housing market amid rising interest rates and softening consumer sentiment. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners. You may unsubscribe any time. 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 To our valued customers, suppliers: Platinum Equitys investment in our business is a wonderful development in the history of our company. School memorabilia manufacturer pivots to providing for essential workers. On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. How is pay, wlb & work culture. Signing up for our Newsletter is subject to our Privacy Notice. -No performance feedback (except via word-of-mouth from other teams), Great workplace to take initiative and learn quickly. We are strongly committed to protecting your privacy. Find out more about salaries and benefits at Platinum Equity. You can have a great mission statement, but if you dont have the people who care about it, its not true.. By clicking Submit you agree to receive news, updates and information from us subject to our Privacy Notice. Great career starting point. 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. Best Companies to Work For in Beverly Hills, CA, Best Finance Companies to Work For in Beverly Hills, CA. Ive inquired about pay but its gotten nowhere. All content is posted anonymously by employees working at Platinum Equity. 100% of job seekers rate their interview experience at Platinum Equity as positive. You may unsubscribe at any time. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and e. Platinum Equity has 51 employees, of which 72 are in a leadership position. 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 With the By R.J. King - April 6, 2021 Platinum Equity has acquired The Cabinetworks Group in Ann Arbor. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023, Platinum Equity Advisors, LLC. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State of New York Attorney Generals office to provide free stamps to JPay consumers incarcerated at NYSDOCCS and pay a one-time $50,000.00 fine associated with customer service complaints regarding the operability of older generation media tablets at correctional facilities in New York State. As I wrote a few weeks ago, economists at Harvard University and the University of , https://www.linkedin.com/feed/news/private-equitys-path-to-job-cuts-4715708, Researchers found that private equity takeovers typically result in significant job losses , with an average of 4.4% of a companys jobs vanishing in the first , https://www.sandiegouniontribune.com/sdut-bn07layoffs145114-2009may07-htmlstory.html, May 7, 2009 The San Diego Union-Tribune conducted a round of layoffs in all The move comes three days after Platinum Equity , a Beverly Hills private , https://budgeting.thenest.com/happens-after-private-equity-buyout-28601.html. We believe long-term vision is the best way to create true, lasting value.". HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (February 20, 2023) Platinum Equity announced today that the previously announc HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provider with acomprehensive product portfolio and expanded reachLOS ANGELES an After a record-breaking 2021 for M&A, deal activity slowed globally in 2022.The reasons for the slowdown are well-reported, but it was still a landmark year for Platinum Equity and its portfolio companies.There were trans HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (February 20, 2023) Platinum Equity announced today that the previously announced acquisition of HarbisonWalker International (HWI) by way of a merger agreement, has been completed. Beautiful office Read employee reviews and ratings on Glassdoor to decide if Platinum Equity is right for you. WebPlatinum Equity Salaries How much do Platinum Equity employees make? Have you worked at Platinum Equity? Portable sanitation company updates protocols to routine service process to protect essential workers. Free lunch and brunch Type Investor Status Active Founded 1995 HQ Beverly Hills, CA, US | view all locations Website Her responsibilities include Fund audits, track record updates and investor inquiries. 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. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. by Thomas Gores. This is based on 16 anonymously submitted reviews on Glassdoor. Ali Bajwa is responsible for managing the transition of newly acquired companies into Platinum Equitys portfolio. Our people are everything. I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (Februar For more information about GIC, please visit www.gic.com.sg. It had its bankers kick off the auction in the second half of last year. Read more, Dallas, TXAventiv Technologies today issued the following statement in support of its subsidiary company JPay, LLCs agreement with the State The companys leading position in the cabinets space, combined with Platinum Equitys operational toolkit and M&A resources, make Cabinetworks a great fit for our portfolio., Todd Golditch, a Managing Director at Platinum Equity, said: We are thrilled to partner with CEO Joe Gross and the entire Cabinetworks team. 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. We are investors. Platinum Equity Announces Completion of HarbisonWalker International Acquisition, Platinum Equity Completes Acquisition of High Temperature Solutions Business from Imerys for 930 Million, Year In Review: Platinum Equity marks an impactful 2022 with new platforms, 61 add-ons, ESG strides and philanthropic outreach, Aventiv leadership tells Axios-sponsored panel discussion that access to technology can reduce recidivism, Statement From Aventiv Technologies on the Martha Wright-Reed Just and Reasonable Communications Act of 2022, Aventiv Technologies Welcomes Agreement with New York AG Office, Platinum Equity to Acquire HarbisonWalker International, McGraw Hill Acquires Boards & Beyond, On-Demand Video Platform for Medical Students, New Securus Originals Podcast Inspires Incarcerated Individuals to Focus on Building a Second Chance Beginning Day One of Incarceration, Deluxe Acquires Post Haste Digital To Further Scale Capacity For Owned Dubbing and Media Services As Growth in Local Language Content Continues. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Platinum Equity may also be known as or be related to Advogent, Platinum Equity and Platinum Equity, LLC. We generate returns by investing in companies across a wide range of industries that need financial and operational support to unlock their full potential. Instead, People tend to come and go after two or so years of working here. All Rights Reserved. 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. The largest donation made to a political party by a Platinum Equity employee was Founded 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 companies that serve customers around the world. Awesome benefits and perks if you are in the "in" group. Base Salary (USD) $348,258/year View Hourly Rate Low:$307,194 Average:$348,258 According to reviews on Glassdoor, employees commonly mention the pros of working at Platinum Equity to be career development, benefits, culture and the cons to be work life balance, senior leadership, compensation. Read more, HWI to join forces with Imerys SAs High Temperature Solutions business, creating a global refractories provider wi. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global On the fly travel - if that's not your thing. Claim your Free Employer Profile. You may unsubscribe at any time. It is a stressful industry, but Platinum was a great place to work. This is a great company to work for - lunch is provided for by an in house chef and kitchen staff. To date, American Industrial Partners has completed more than 100 transactions and currently has more than $8 billion of assets under management on behalf of leading pension, endowment, and financial institutions. Platinum Equity specializes in mergers, acquisitions and operations a trademarked strategy it calls M&A&O acquiring and operating companies in a broad 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. Read more, The Day One with Andre Normanpodcast is the most recent addition to Securus Technologies growing catalog of free restorative content for Prior to joining Platinum Equity in 2017, Mr. Chacartegui held a 7 year career at The Gores Group where he was a Managing Director based in London. We are change agents. Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. Cabinetworks is the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States under the nations leading brands, including: KraftMaid, Medallion, Smart, Merillat, Yorktowne, Echelon, Advanta, Studio Full Access, Master WoodCraft, and Cabinets 2000. Our trademarked M&A&O strategy goes beyond traditional mergers and acquisitions, applying deep operational expertise to create long-term value for our investors, our companies and the communities they serve. 9% of Platinum Equity management is Hispanic or Latino. Does anyone know about the Operation sales support analyst role at blackrock? Learn about Platinum Equity , including insurance benefits, retirement benefits, and vacation policy. She is responsible for the firms human resource activities including recruiting, retention, training "McGraw Hill has the best talent, content and technology in the industry and is a trusted partner to millions of educators, learners and professionals around the world," said Mr. Allen. 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? The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. Once you get a positive response, make sure to find out about the interview process at Platinum Equity and prepare for tough questions. Proceed with caution. This is the Platinum Equity company profile. WebPlatinum is one of the best special situations investment firms in the world and has a great team and leadership. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. LOS ANGELES and NEW YORK, Aug. 2, 2021 /PRNewswire/ --Platinum Equity announced today that it has completed the acquisition of McGraw Hill, a global leader in educational content and digital platforms, for a purchase price of approximately $4.5 billion. 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. Having problems? We believe long-term vision is the best way to create true, lasting value. Platinum Equity has an overall rating of 3.8 out of 5, based on over 18 reviews left anonymously by employees. About GIC GIC is a leading global investment firm established in 1981 to manage Singapore's foreign reserves. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. The data presented on this page does not represent the view of Platinum Equity and its employees or that of Zippia. Founded 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 companies that serve customers around the world. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. The LA firm doesnt have an Australian office, but pops up in local auctions every year or so, targeting corporate carve-outs which is its specialty globally. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock

Melnor 65038 Amz Hydrologic 4 Zone Digital Water Timer Manual, Space Heater Cancer Warning, Articles P