January 30, 2018
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Beverly Hills-based private equity firm Platinum Equity agreed to sell the Embedded Power business of portfolio company Artesyn Embedded Technologies Inc., to Advanced Energy Industries Inc., in a transaction valued at $400 million.
Los Angeles private equity firm Platinum Equity announced that its portfolio company Vertiv completed the purchase of the maintenance business of MEMS Power Generation, a privately-owned company headquartered in the United Kingdom that specializes in temporary power solutions.
Beverly Hills private equity firm Platinum Equity completed its acquisition of LifeScan from Johnson & Johnson for roughly $2.1 billion, with the exception of certain non-U.S. jurisdictions that are each expected to close at a later date.