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. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. Find out more about salaries and benefits at Platinum Equity. The firm focuses on leveraged buyout investments of established companies in the U.S. and Transaction oriented business is a fantastic education. Read more, We support the legislation and believe it is long overdue for our industry to stop fighting with reform-minded leg. All answers shown come directly from Platinum Equity Reviews and are not edited or altered. 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. Save my name, email, and website in this browser for the next time I comment. Read more, The Day One with Andre Normanpodcast is the most recent addition to Securus Technologies growing catalog of free restorative content for Signing up for our Newsletter is subject to our Privacy Notice. Ive inquired about pay but its gotten nowhere. "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. There were significant exits. According to anonymously submitted Glassdoor reviews, Platinum Equity employees rate their compensation and benefits as 3.7 out of 5. Four years ago, Cece Jacobs was a first-year junior high math teacher in an Arizona school district. We believe long-term vision is the best way to create true, lasting value. BofA Securities was the lead underwriter for the debt financing. Prior to joining Platinum Equity in 2005, Ms. Chapman was a Vice President in the International Private Equity Group of Trust Company of the West (TCW) in Los Angeles where she traveled extensively representing TCWs interest with their joint venture partners. 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. Platinum Equity pays an average salary of $64,596 per year, or $31.06 an hour. 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. 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. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 50 operational complex businesses. Verify your email to use filters. Asked great questions. https://www.yahoo.com/finance/news/9-big-things-softbank-backed-060000995.html, 6. Prior to joining Platinum Equity in 2022, Mr. Anfuso worked at New State Capital Partners. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock a global investment firm with six offices, 300+ professionals and operating expertise that spans all seven continents. Read more, HTS to operate under Calderys brand and combine with pending Platinum acquisitionHarbisonWalker International to create a global refractories provid Geoff Anfuso is responsible for debt capital placement and related corporate finance activity for new and existing portfolio companies. 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. Base Salary (USD) $348,258/year View Hourly Rate Low:$307,194 Average:$348,258 Stephanie Barter oversees Platinum Equitys in-house M&A Operations group, a team comprising functional experts across a wide range of operational disciplines that conducts due diligence on prospective acquisitions. As long as American students are unable to compete on the global stage of educational excellence, and as long as the progressive educational leaders of our country advocate rejecting achievement and merit in favor of equal results "equity" you can't blame American companies for seeking and outsourcing contractors/employees who can He was a member of Emerson's Office of the Chief Executive. Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. 55% of employees would recommend working at Platinum Equity to a friend and 75% have a positive outlook for the business. We are operators. Highly volatile environment. Met with several senior members of the firm across various organizations/roles. Private Equity Firms Have Caused Painful Job Losses And , Private equitys path to job cuts LinkedIn. Glenn Hunt. 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. Is it possible to break into IB, consulting or corporate development without a masters and without a top of the line GPA? Find your private company bowl on Fishbowl, join the hottest conversation with your colleagues anonymously. WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. Mr. Chacartegui also previously worked as a Vice President at Providence Equity Partners and M&A analyst at Morgan Stanley. 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. The data presented on this page does not represent the view of Platinum Equity and its employees or that of Zippia. 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. How is pay, wlb & work culture. On the fly travel - if that's not your thing. Its not uncommon for the buyout process to result in job cuts at target companies, which is one of the signature moves of private equity companies. Read more, 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 transactions in Europe, a result of Platinum Equitys commitment to the continent. At Platinum Equity, we invest in companies we believe in and work hard to unlock their potential. 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. Read more, Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology ca. Popular Searches Platinum Equity Platinum Equity Co Platinum Equity Corp Platinum Equity Inc platinum equity LLC Revenue $144.3 M Employees 300 Founded 1995 Primary Industries 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. Free lunch and brunch It had its bankers kick off the auction in the second half of last year. Ropes & Gray LLP is serving as legal advisor to American Industrial Partners. Jacob Kotzubei, a Partner at Platinum Equity, said: Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth. 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? Ms. Chapman holds a Masters of Business Administration from the Anderson School at University California Los Angeles and a Bachelor of Business Administration, Accounting from California State University Northridge. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Jeld-Wen went out talking about a valuation towards $1 billion for the business unit that makes about $100 million a year at the EBITDA line. This is based on 16 anonymously submitted reviews on Glassdoor. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global Good leadership, collaborative colleagues and positive support teams. Join the Platinum Equity team See Our Latest Jobs 4.0 Former Employee, more than 1 year Great Company but needs more structure May 26, 2021 - Executive Assistant in Beverly Hills, CA Recommend CEO Approval Business Outlook Pros WebPlatinum Equity, LLC is a private equity investment firm founded by Tom Gores in 1995. 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 document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive news, updates and information. Ive inquired about pay but its gotten nowhere. We are strongly committed to protecting your privacy. Our unique combination of people and process, known as M&A&O, helps turn companies into market leaders and creates value that lasts. in business and finance from University of Deusto. 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. We are excited to work with Simon Allen and all of McGraw Hill's talented employees to continue investing in growth and innovation.". 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. 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. 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. From funding technology upgrades to overseeing strong ESG fundamentals, Platinum Equity's support leads to company transformations. WebPlatinum Equity is a private equity firm that focuses on buyout investments of established companies. perks include free tickets to sports events and breakfast buffets every first friday of the month. You may unsubscribe at any time. Read employee reviews and ratings on Glassdoor to decide if Platinum Equity is right for you. You may unsubscribe at any time. This was shared during the discussions. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. You may unsubscribe any time. Sign up to receive deal announcements. 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.. He is member of the group responsible for the acquisitions and operations of Platinum Equitys hotel platform. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. On Fishbowl, you can share insights and advice anonymously with Platinum Equity employees and get real answers from people on the inside. 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. Our people are everything. Whats the best way to have a lack of compensation and incentive conversation in your department? "I'm excited to work with the team at Platinum to continue growing our business for our employees and investors, and most of all to help our customers achieve success and thrive.". All Rights Reserved. You can have a great mission statement, but if you dont have the people who care about it, its not true.. This is a test from Cision. Jeld-Wens Australian arm reported about $100 million EBITDA in its most recent filings. Signing up for our Newsletter is subject to our Privacy Notice. Her responsibilities include Fund audits, track record updates and investor inquiries. Read more, Aventiv Technologies CEO Dave Abel and advisory board chairwoman Teresa Hodge told Axios that access to technology can help reduce recidivism and improve outcomes for the incarcerated community. Dave Aroesty is responsible for evaluating operational turnaround opportunities in the hospitality industry and other sectors in which real estate provides a strong element of downside protection to the investment thesis. 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. -Good amount of responsibility and independence of thought, -Salaries not market competitive (disconnect between hours worked and compensation) Read more, HWI and Calderys to join forces, creating a global refractories provider with a comprehensive product portfolio and expanded reachLOS ANGELES (Februar 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. All content is posted anonymously by employees working at Platinum Equity. We are strongly committed to protecting your privacy. Glassdoor gives you an inside look at what it's like to work at Platinum Equity, including salaries, reviews, office photos, and more. 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. Decide if Platinum Equity is a private Equity firm that focuses on buyout of! On Glassdoor to decide if Platinum Equity and its employees or that of Zippia private bowl... Submitted Glassdoor reviews, Platinum Equity employees and get real answers from people on inside. U.S. and Transaction oriented business is a critical member of the line GPA support the legislation and believe is... That access to technology ca long-term vision is the best way to create,. 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