socalTECH

JUNE 24, 2016

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal. per share offer.

Van Nuys 124

Van Nuys Equity Beverly Hills Acquisition 124

SoCal Tech Calendar

MAY 31, 2016

Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M Platinum Equity said ti will pay $13.12 for Electro Rent.

Van Nuys 100

Van Nuys Equity Pricing Companies 100

socalTECH

MARCH 1, 2019

Van Nuys-based Jet Edge International , a provider of aircraft management and private jet charter services, said this week that it has raised $60M in a equity and debt funding round. The funding was led by Los Angeles-based private equity investor Solace Capital Partners.

Van Nuys 113

Van Nuys Services Equity Los Angeles 113

socalTECH

FEBRUARY 6, 2017

Van Nuys-based Electro Rent , which provides rental and leasing of test and measurement equipment, said Friday that it has completed its acquisition of Microlease from Lloyds Development Capital. Electro Rent is owned by private equity investor Platinum Equity, which bought the company in August of last year.

Van Nuys 100

Van Nuys Equity Acquisition Capital 100