PLATINUM EQUITY TO ACQUIRE SOLO, EUROPEAN PROVIDER OF PERSONALIZABLE PRODUCTS AND APPAREL
- Editor
- Jun 24
- 1 min read
Whats Happening:
Platinum Equity has entered into exclusive negotiations to acquire Solo Group, a European market leader in business-to-business personalizable products. The potential transaction is subject to employee representative consultations and regulatory approvals. Solo, founded in 1991 and headquartered in Paris, offers a wide range of personalizable products including wearables, accessories, and hard goods.
Key Moves:
Platinum Equity enters exclusive negotiations to acquire Solo Group
Solo Group is a European leader in B2B personalizable products
Transaction subject to employee consultations and regulatory approvals
By The Numbers:
Solo serves over 19,000 customers
Solo has 1,600 employees across Europe and Asia
Platinum Equity has approximately $50 billion of assets under management
Key Quotes:
"Solo's strong foundation and entrepreneurial heritage make it an excellent fit for our hands-on approach to value creation," said Platinum Equity Co-President Louis Samson.
"Solo aims to shape the future of personalization. One that is not only high performing but also sustainable and designed to meet the challenges of today and anticipate the needs of tomorrow," said Solo CEO Audélia Krief.
"In our quest to accelerate this development in Europe, we are extremely excited to have attracted Platinum Equity to support our ambition," said Stephen Gibson, COO of Solo.
Bottom Line:
Platinum Equity's potential acquisition of Solo Group represents a significant move in the European personalizable products market. The deal aims to leverage Platinum's M&A resources and operations capabilities to accelerate Solo's growth and foster innovation in an increasingly complex market. This transaction demonstrates Platinum's ability to craft deals even in challenging global buyout conditions.
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