Platinum Equity is preparing to sell Italian maritime interiors specialist De Wave Group to private equity firm Renaissance Partners in a transaction valued at approximately €400m ($465m), according to a report by Reuters.
The report cites an unnamed person familiar with the matter as highlighting that the proposed deal would see Platinum exit it’s investment in Genoa-based De Wave, after acquiring the firm in 2019.
Founded by billionaire Tom Gores, who also owns the NBA’s Detroit Pistons, Plati...
Continue Reading
Sign up for FREE to read the full article and access 171K+ alternative investment headlines.