Platinum Equity announces Kodak Alaris recapitalization

GaryPageau , ,
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Beverly Hills, Calif.-based Platinum Equity led a recapitalization for Kodak Alaris, which operates Kodak Moments, a global provider of film and photo solutions, and Alaris, a provider of data capture and processing solutions to enterprises and consumers. Platinum Equity is a investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies, including Jostens.

Kodak Alaris is owned by private-equity company Kingswood Capital Management, LP, which bought the company last year.

“This transaction reflects Platinum’s ability to move quickly and decisively, even in a complex market,” said Co-Presidents Jacob Kotzubei and Louis Samson. “Our industry expertise and commitment to partnership allowed us to craft a bespoke financing solution for Kodak Alaris.”

The Kodak Alaris financing was led by Platinum Equity’s credit team, which seeks opportunities to provide debt capital to companies for a variety of uses, including acquisitions, refinancings, and recapitalizations.

“We aim to be a true strategic partner, leveraging Platinum’s resources to deliver meaningful value to borrowers and their sponsors,” said Michael Fabiano, managing director, Platinum Equity. “We think Kodak Alaris is a great match for our approach. It’s a mature business with an iconic brand and a deep connection to its customer base. We believe it also has a lot of untapped commercial opportunities. We are excited to partner with Kingswood to help Kodak Alaris realize its potential.”

Platinum’s credit team targets companies that generally have $15 to $75 million of EBITDA and are primarily based in North America.

“Our credit team is actively looking for new opportunities to provide tailored financing solutions to borrowers and their sponsors as they pursue their strategic objectives,” added Fabiano.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.