LYCOS RETRIEVER
Tom Gores: Platinum Equity
built 641 days ago
Outside his duties at Platinum Equity, Mr. Gores is involved in philanthropic activities as a member of the board of directors at both St. Joseph’s Hospital and UCLA Medical Center. Mr. Gores holds a Bachelor’s degree from Michigan State University.
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Talks are in the early stages for Tom Gores of Platinum Equity and Alec Gores of Gores Technologies to come aboard as investors. They are siblings of Paradigm principal Sam Gores, but they aren't owners of the agency, according to a percentery spokesman.
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Israeli immigrant spent his 20s learning the buyout business alongside older brother Alec at Gores Technology Group. Split in 1995: Tom now runs Platinum Equity; conglomerate manages 20 companies, with $8 billion in sales. Rebuilds distressed companies before selling them at a profit. Sold ACR Logistics to Kuehne & Nagel International for $510 million in January. Also invested in film-production shops Crescent Drive Pictures, 360 Pictures. Last year bought 8-acre property in Beverly Hills between homes of David Geffen and Ronald Burkle (see both).
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In that time, Mr. Gores has ... built up a deep infrastructure of more than 100 M&A&O professionals dedicated to the fulfillment of the transaction process from acquisition through operations. This dynamic staff is part of Platinum’s unique corporate culture, which is guided by Mr. Gores’ leadership principles and core values that have charted Platinum’s course to success.
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Mancuso called the pact "more or less an equal partnership" among himself, Gores and Johnny O. Lopez, head of mergers and acquisitions for Gores' M&A firm, Platinum Equity. He described the Platinum-provided financing as "essentially a revolving credit facility that gives ownership of the movies to Platinum."
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