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Anonymous ID: df7b65 Aug. 20, 2020, 11:16 a.m. No.10359918   🗄️.is đź”—kun   >>9985 >>0190 >>0316

Vertiv Holdings, Inc sold by Platinum Equity Advisors LLC: $350.75m-August 17

 

Vertiv Holdings Co., formerly GS Acquisition Holdings Corp, is engaged in designing, manufacturing and servicing of digital infrastructure technology that powers, cools, deploys, secures and maintains electronics that process, store and transmit data. It provides hardware, software and services to facilitate interconnected marketplace of digital systems where data need to be transmitted, analyzed, processed and stored. The Company operates in three geographical segments which include Americas, Asia Pacific, and Europe, Middle East & Africa. The Company's offerings include critical infrastructure and solutions, I.T. and edge infrastructure, and services and software solutions. It provides technology to industries such as social media, financial services, healthcare, transportation, retail, education and government. Number of employees : 19 800 people.

https://www.marketscreener.com/quote/stock/VERTIV-HOLDINGS-CO-45109447/company/

 

from today August 20th

BofA Initiates Vertiv At Buy On Potential For Margin Expansion

https://www.benzinga.com/analyst-ratings/analyst-color/20/08/17173421/bofa-initiates-vertiv-at-buy-on-potential-for-margin-expansion

 

see below on who are the book-runners on this

 

from August 12th

Vertiv Holdings Co : Announces Pricing of Secondary Offering

Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the pricing of the previously announced underwritten secondary public offering (the “Offering”) of 20,000,000 shares of Vertiv’s Class A common stock by VPE Holdings, LLC (“Platinum”), the selling stockholder and an affiliate of Platinum Equity, LLC (the “Selling Stockholder”), pursuant to a registration statement filed with the Securities and Exchange Commission (the “SEC”), at a public offering price of $15.25 per share. J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers of, and as representatives of the underwriters for, the Offering. Additionally, BofA Securities, Inc., Citigroup and Evercore ISI are acting as joint book-running managers of, and underwriters for, the Offering and Guggenheim Securities, LLC is acting as a co-manager of the Offering.

https://www.marketscreener.com/quote/stock/VERTIV-HOLDINGS-CO-45109447/news/Vertiv-Holdings-Co-Announces-Pricing-of-Secondary-Offering-31109314/

 

VPE Holdings, LLC ("VPE"), a Delaware limited liability company, directly owns 95,261,955 shares of Class A common stock. PE Vertiv is directly owned by six private equity investment funds, none of which private equity investment funds individually has the power to direct the voting or disposition of shares beneficially owned.

Platinum Equity Investment Holdings III, LLC is the managing member of one of such funds and the managing member of the general partner of four of such funds. Through such positions, Holdings III has the indirect power to direct the voting of a majority of the outstanding equity interests of PE Vertiv. Platinum Equity Investment Holdings Manager III, LLC ("Holdings Manager") is the managing member of Holdings III. Platinum Equity InvestCo, L.P. ("InvestCo") owns all of the economic interests in Holdings III. Platinum Equity Investment Holdings IC (Cayman), LLC ("Holdings Cayman") is the general partner of InvestCo. Platinum InvestCo (Cayman), LLC ("InvestCo Cayman") holds a controlling interest in InvestCo. Platinum Equity, LLC ("Platinum") is sole member of Holdings Manager and Holdings III. Platinum also indirectly controls the other funds that own equity interests of PE Vertiv.

raw filing

https://www.sec.gov/Archives/edgar/data/1471783/000089924320022947/xslF345X03/doc4.xml

 

Platinum Equity Advisors

Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.

In 2017, Platinum Equity acquired prison communication firm Securus Technologies. The firm came under pressure from criminal justice activists for its alleged excessive pricing for prison calls, borne primarily by poor and minority prisoners. In 2019, Platinum Equity announced plans to reorganize the company as a more diverse technology company, and created Aventiv Technologies as Securus' new corporate parent.

https://en.wikipedia.org/wiki/Platinum_Equity

https://www.finviz.com/insidertrading.ashx?oc=1801998&tc=7