January 10, 2020 |
Founder Tom Gores: Platinum Equity announcement of $10B megafund signals ‘great momentum’
Beverly Hills-based private equity firm Platinum Equity has raised $10 billion for its latest flagship fund. The Platinum Equity Capital Partners V fund was oversubscribed, according to the company, surpassing its $8 billion target and hitting the $10 billion hard cap
January 3, 2020 |
Detroit Pistons owner Tom Gores signals he’s open to a new direction for franchise
From the moment Tom Gores purchased the Detroit Pistons in 2011, he’s been consistent in his expectations. The Pistons are going to compete for the playoffs.
December 25, 2019 |
Platinum Equity CEO Tom Gores dons Santa Claus hat to bring Christmas to Flint families
Sonya Willis strolled a red carpet inside the gymnasium Dec. 17 at Genesee High School that’d been transformed into a toy store where 300 Flint-area families had a chance to do some Christmas shopping.
October 7, 2019 |
Detroit Pistons owner Tom Gores unveils $90 million performance center: ‘One of the best’
There was one clear message from the Detroit Pistons at the opening of their new headquarters Monday: Everyone is welcome. The Henry Ford Detroit Pistons Performance Center is in the New Center area about two miles north of Little Caesars Arena, where the franchise will begin its third season later this month.
June 24, 2019 |
Platinum Equity CEO Tom Gores announces redevelopment deal for Palace of Auburn Hills site
Detroit Pistons Owner Tom Gores and Livonia, Mich.-based Schostak Brothers & Company today announced the formation of a joint venture to redevelop the Palace of Auburn Hills and its surrounding land. Schostak Brothers will serve as the lead partner and manage the future mixed-use development, which is expected to include corporate office, research & development and technology companies.