Platinum Equity Sells Compart Systems To Shanghai Wanye Enterprises
News provided by
Share this article
Share this article
LOS ANGELES, Dec. 22, 2020 /PRNewswire/ Platinum Equity announced today that it sold Compart Systems Pte Ltd. ( Compart or the Company ) to Shanghai Wanye Enterprises Co., Ltd. ( Wanye ) in a transactions valued at approximately $398 million.
Compart, headquartered in Singapore with primary operations in China and Malaysia, is a supplier of high-precision, machined metal components including valves, fittings, sensors, and related components for a range of industries.
Platinum Equity is a Los Angeles-based global private equity firm focused on acquiring businesses that can benefit from the firm s operational expertise. The Compart investment was led by Platinum Equity s Singapore office.
Share and speak up for justice, law & order.
DETROIT An anti-incarceration activist group is demanding the National Basketball Association make Detroit Pistons owner Tom Gores step down from the league’s board and give up the franchise. They claim his private equity company profits off a prison industry that deliberately exploits people of color, Daily Wire reported.
The aggressive move comes from a nonprofit advocacy organization called Worth Rises, which according to its website, envisions “a society in which no entity or individual relies on human caging or control for their wealth, operation, or livelihood.”
Moreover, Worth Rises ran a full-page ad directed at the NBA in the sports section of the New York Times on Sunday, asking, “If Black Lives Matter, what are you doing about Detroit Pistons owner Tom Gores?”
NBA responds to activist group calling for Tom Gores to sell Detroit Pistons over jail telecom business
Copyright Getty Images
Dave Reginek
DETROIT, MI - OCTOBER 18: Pistons owner Tom Gores addresses the media before the Inaugural NBA game at the new Little Caesars Arena on October 18, 2017 in Detroit, Michigan. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. The Pistons defeated the Hornets 102 to 90. (Photo by Dave Reginek/Getty Images)
and last updated 2020-12-21 20:34:43-05
(WXYZ) â The activist group Worth Rises recently took out a full-page advertisement in Sunday s New York Times, demanding the NBA force Detroit Pistons owner Tom Gores to sell the team because of his investment in the prison telecom corporation Securus.
Shortly after the draft, a news conference is held to introduce the young prospects to local media.
The front office’s top talent evaluator and the head coach explain the reasoning behind the selections and why this collection of talent will ultimately lead to winning games.
That was the scene on Nov. 27 when the Detroit Pistons presented their 2020 draft class - rookies Killian Hayes, Isaiah Washington, Saddiq Bey and Saben Lee.
General manager Troy Weaver said the four men, “embody everything we want for the Pistons going forward.”
Head coach Dwane Casey said all four players, “will be special for our program going forward.”
TOP STORIES
A Deal on Economic Aid, at Last
For eight months, members of Congress have talked about the need for another economic aid package to help struggling Americans in the COVID-19 pandemic. Now, congressional leaders have finally agreed on
The leaders from both parties under increasing pressure from constituents and rank-and-file lawmakers, and confronted with a slowing economy and surging coronavirus infections and related deaths are racing to pass it into law and have it signed by
Advertisement
Must-read stories from the L.A. Times
Get all the day s most vital news with our Today s Headlines newsletter, sent every weekday morning.