"Their product portfolios are also highly complementary and will create a comprehensive, well-rounded offering of brick and powder-based refractories for a global customer base. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Mr. Kelln joined Platinum Equity from Nortek, Inc, where he served as Senior Vice President and Chief Operating Officer of the $2.4 billion diversified global manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products. Never knew that, but that is what I call a fucking story. You may unsubscribe at any time. lots of turnover and people are genuinely terrible to work with. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. Ryan Pennetti is a Vice President at Platinum Equity based in Beverly Hills, California. Signing up for our Newsletter is subject to our Privacy Notice. You may unsubscribe any time. Previously Mr. Kelln was a senior executive at Jacuzzi Brands, Inc. where he served as President of Jacuzzi, Inc. Traders Tune-In for More Big Bank Earnings, Prompting Cautious Trading for US Equity Fu.. Earnings Flash (MS) MORGAN STANLEY Reports Q4 Revenue $12.75B, vs. Street Est of $12.60.. Gsk: morgan stanley cuts target price to 1520p from 1535p. Platinum Equity, the Los Angeles-based private equity firm, is set to buy the Coraopolis-based manufacturer sometime in the first half of 2023 for an undisclosed sum from the two asbestos. Largest acquisition: Emerson Network Power acquired from Emerson for $4B. The merger brought CompuCom to $1.7 billion in annual revenue and more than $500 million in services. We are strongly committed to protecting your privacy. The company was founded in 1995 by its current CEO, Tom Gores, a California billionaire who has a net worth estimated at $3.3 billion and. Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. but office is ridiculous. 8 March 2021. [30], PNA Group, a metals processor, was acquired in May 2006 from TUI AG. [32] In August 2021, the firm completed the acquisition of SVP Worldwide. Report this profile . Search job titles Find Salaries Filter "The refractories industry is highly fragmented and this combination will create a global platform with meaningful opportunities to further expand," said Platinum Equity Managing Director Malik Vorderwuelbecke. M&A&O is a proprietary approach that helps us create value at every stage of aninvestment, from beginning to end. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, I don't throw darts at a board. Experienced capital markets team with ability to provide range of traditional and creative financing solutions. Copyright 2022, Platinum Equity Advisors, LLC. So maybe you can get some season tickets on top of your bonus Haha. Private Equity Forum Apr 22, 2013 Platinum Equity Partners wharton111 IB Rank: Senior Chimp | 25 Hey guys- was wondering if anyone had info on Platinum Equity partners.interested in hours, comp, culture and prestige Region United States - Midwest Log in or register to post comments 2 Comments ( 33) AnalystMonkey2769 PE Rank: Neanderthal 2,653 9y What seems impossible can be achieved when you have passion for your work. Consider facts but let solid judgment prevail. The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses. First fund sale: ACR Logistics sold to Kuehne+Nagel International. Heather Bell. The firm's first acquisition was LSI, a company that generated computer graphics to re-create accidents for courtroom testimony. Nick works at Platinum Equity as Vice President - Portfolio Operations. Signing up for our Newsletter is subject to our Privacy Notice. This is M&A deal number 515 that ChannelE2E has tracked so far in 2020. Platinum Equity Leadership - Jason Price Greenwich 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010 M&A Jason Price Managing Director Jason Price is responsible for the structuring and execution of acquisition and divestiture transactions. The Raptors are not. Ryerson becomes Platinums first billion-dollar acquisition. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. providing further insight into the former president's tax situation. Be open to almost all situations, but be stubborn on your values and principles. She is a key member of the team that works with the Limited Partners. Great mid-tier fund. Signing up for our Newsletter is subject to our Privacy Notice. Private equity firms that deemed drug development too risky for their liking in the past are increasingly investing in the sector, raising dedicated funds and coming up with deals that compensate them for the uncertainty involved. Talk about drama. From the way the guy is - very into sports, big bball fan - I'm guessing he wants to hold it long-term, Teachers (OTPP) also own Leafs and Raptors which has done well: http://blogs.forbes.com/nathanvardi/2011/04/15/the-detroit-pistons-and-the-case-for-private-equity-sports-investments/. And yes I know that only one of the players is still on their original team, but it would've been a different field and the Pistons could very well have been a viable team to acquire some of the free agents that were out there last year. [1] Contents 1 History 2 Investments 2.1 Information technology 2.2 Logistics and distribution 2.3 Industrials 2.4 Prison communication 3 References About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations - a . In addition to our core buyout capabilities, Platinum also has a growing, dedicated team of professionals focused on credit opportunities. Senior Vice President. "Platinum Equity shuts 3rd fund at $3.75 billion", "Platinum Equity Capital Partners IV raises $6.5 bln - PE Hub". "Staples Australia and New Zealand rebrands as Winc after Platinum Equity buyout", "Newell Brands Announces Agreements to Sell Pure Fishing to Sycamore Partners and Jostens to Platinum Equity", "Platinum Equity Completes $1.3B Purchase of Jostens | Los Angeles Business Journal". In 2021, SVP Worldwide was acquired by Platinum Equity ( www.platinumequity.com ), a global investment firm with more than $25 billion of assets under management and a portfolio of approximately . plus their "office" is a mansion, Tom Gores - Platinum Equity (Originally Posted: 06/01/2008). After purchasing it for $200,000, Platinum Equity focused on servicing existing customers and returning the company to profitability. The $376.7 million iShares MSCI Turkey ETF (TUR), which tracks several dozen Turkish equities, jumped 6.7% Tuesday and was among the day's top ETF gainers. She became a Certified Public Accountant while working in the audit group of Ernst & Young LLP as a Manager. We specialize in complex carve-outs, public-to-private transactions and acquisitions from private sellers. When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistr Jalen Rose Leadership Academy senior Sheree Patton thought she was just going to see the Detroit Pistons. Once a company completes its transition, Platinum Equity's dedicated sell-side team works with the operating council to find the right monetization opportunities. [11], In 2018, Newell Brands sold Jostens to Platinum Equity for $1.3 billion.[12][13]. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. A free inside look at company reviews and salaries posted anonymously by employees. Based on the knowledge acquired during diligence, the M&A Operations team also works hand-in-hand with Platinum Equitys Portfolio Operations group to develop detailed post-acquisition transition, integration and long-term business plans tailored to the needs of the acquired business. He was national editor and chief political correspondent at the Atlanta Journal-Constitution, and later edited The . Signing up for our Newsletter is subject to our Privacy Notice. In addition, Mr. Kotzubei plays a substantial role in raising capital from limited partners for the firms investment funds. It seems very try hard. A free inside look at company reviews and salaries posted anonymously by employees. "We are pleased to provide a divestiture solution that delivers speed and certainty in a challenging M&A market," said Platinum Equity partner Louis Samson. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Media Contacts:Catherine AbernathySolenis(904) 910-1071cmabernathy@solenis.com. Elemental Holding SA, a global urban mining and recycling company that originated in Poland and now has headquarters in Luxemburg, says it has completed a $290 million equity private placement from a group of international financial institutions led by the International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A. (PFR). document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Sign up to receive deal announcements. They could've had Melo, Bosh or Wade on their team. LOS ANGELES and IRVINE, Calif., Dec. 9, 2020 /PRNewswire/ -- Platinum Equity today announced that it has entered into a definitive agreement to acquire Ingram Micro Inc., the world's largest. Mr. Kelln received his bachelors degree, Summa Cum Laude, from Washington State University and a Masters of Business Administration from The Ohio State University, Fisher College of Business. His unique combination of financial, management, M&A and operational expertise are well suited to helping create value within Platinums portfolio companies. Anyone have any insight? The M&A&O team is involved from the beginning, starting as early as the management presentation. [2], Over the next five years, between July 1996 and September 2001, the firm made 32 acquisitions with $226 million, and realized $940 million on those investments. You may unsubscribe at any time. 1 Greenwich Office Park N. Building, Floor 2 Greenwich, CT 06831 +1 203.930.2010. Anyone knows how he managed to go from rags to riches? We are strongly committed to protecting your privacy. By clicking Submit you agree to receive communications from us. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. She is currently responsible for overall accounting, tax, and financial reporting as well as managing strategic planning projects for Platinum Equity. Platinum Equity specializes in mergers, acquisitions and operations . Greenwich office opened. We are builders. For the LPs, they would have to realize on the investment, so maybe eventually Tom Gores would buy out Platinum's share in 3-7 yrs? Platinum is an alternative asset management firm that invests institutional capital from around the globe. Mike Ilitch was originally going to purchase the Pistons, until he found out that they were cooking the books a bit. Bryan Kelln is a Partner, President of Portfolio Operations and member of Platinum Equity's Investment Committee. You may unsubscribe at any time. The estimated total pay for a Vice President at Platinum Equity is $326,558 per year. First public-to-private acquisition: Tanning Technology Corporation. You may unsubscribe any time. Dr. Aroesty joined Platinum in 2008 and previously graduated magna cum laude from Princeton with a degree in economics. He is a member of Platinum's Investment Committee, continues to actively pursue significant M&A transactions across multiple industries, mentors transaction teams, and is increasingly involved in the firm's business development efforts. Louis Samson leads Platinum Equitys New York/Greenwich and London-based investment teams, manages the operations of the New York, Greenwich and London offices, and is a member of the Investment Committee. Platinum Equity Salaries How much do Platinum Equity employees make? School memorabilia manufacturer pivots to providing for essential workers. We are operators. Tom Gores founded Platinum Equity Holdings with $200K in seed capital. Craig Ashmore is responsible for senior level business development activities focused on identifying new acquisition opportunities. You may unsubscribe any time. Mr. Kelln is a seasoned executive with a strong track record of conceiving and executing successful strategic and operational transformation programs across a broad range of different industries. Sign up to receive deal announcements. All Rights Reserved. Voluptatem atque saepe repellat ducimus assumenda quisquam expedita corporis. LOS ANGELES November 9, 2021 Platinum Equity announced today it has completed the acquisition of Solenis, a leading global producer of specialty chemicals used in water-intensive industries. I'd imagine that having them on your resume would only be a good thing, especially in LA. Work Biography for Richard Dinh, Platinum Equity. He works closely with the firm's Operations Team as well as portfolio company executive management to drive strategic initiatives and to deploy operational resources. Report this profile . London, United Kingdom . Tom Gores distilled his vision for Platinum Equity into 16 guiding principles that inform everything we do. Vice President at Platinum Equity New York, New York, United States. As an industry agnostic firm investing for more than 27 years, we have extensive experience across a wide range of sectors and transaction types. That said, Detroit and PoAH has very dedicated fans but population and industry in Michigan is decreasing. Platinum Equity: Portfolio Companies at Work Platinum Equity portfolio companies employ approximately 200,000 people around the world in a broad range of industries. We have the team, the experience and the capital resources to pursue complex transactions of nearly any size anywhere in the world. Prior to joining Platinum Equity in 2005, Ms. Chapman was a Vice President in the International Private Equity Group of Trust Company of the West (TCW) in Los Angeles where she traveled extensively representing TCWs interest with their joint venture partners. Lots of bad teams still fill seats and make good money. Founded in 1995 by Tom Gores, Platinum Equity (www.platinumequity.com) is a global investment firm with more than $6 billion of assets under management and a portfolio of more than 25 operating. I couldn't find much info on him when I googled, except that he had an elder brother who was in the same business. The "O" is in our DNA. Overall, just more intense than some other PE firms I've met with. Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. Explore The Full Platinum Equity Portfolio. Commitment, risk, success, and failure are intertwinedlack of commitment only increases your risk for failure, and equally the ability to commit wholeheartedly has much to do with the ability to succeed. We are strongly committed to protecting your privacy. Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995. Aliquid consequatur fugiat est est et voluptas. Responsible for IT due diligence at Platinum Equity, a private equity firm specializing in the merger, acquisition, and . With the DTE theater and PoAH @ 350 mm, that's a dead steal. We expect the combination to immediately open up new avenues for growth on both sides.". Fucking terrible mistake. Returning to an in-person event for . [1], Platinum Equity was founded in 1995 by Tom Gores. Jacob Kotzubei is a Partner and member of Platinum Equity's Investment Committee, leads the Los Angeles headquarters-based investment team, and has oversight responsibility for the investment team in Asia. Do you recall where the Raps were with this? I thought Gores was much more prestigious than Platinum just from talking to ppl in banking/general sentiment on WSO (which i take w/a grain of salt obviously). [20] Then, in December 2004, the company acquired General Electric's IT Solutions division. Every deal is unique. but still, they've done very well and a job there would be great on a resume. Robert Baird, CEO of Sigura, remains as president of the new Pool Solutions division at Solenis. In that capacity, he is responsible for managing a broad range of strategic divestiture opportunities throughout Platinum Equitys portfolio. Platinum Equity went global: Acquired Alcatel (NextiraOne Europe). Given that if Platinum Equity investors are financing a portion of this, they will seek a 3-7 year exit, I'm not sure how great it is as a PE investment, although Gores might see a great ROI over a longer horizon. Dont allow organizational structure to determine your growth. What is the street's view of having Platinum Equity on your resume? We are strongly committed to protecting your privacy. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout . Raptors have varied between 11th and 15th in both profitability in the NBA. She works closely with Platinum Equitys M&A teams to deploy diligence resources and ensure that a comprehensive analysis of each prospective investment is completed. Make no assumptions. As part of the transaction, Solenis has merged with Sigura Water, an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. He holds a Bachelor of Science in Business (Accounting and Finance) from Indiana University. The business development team sources and screens opportunities. i know the junior guys get worked pretty hard. Prior to joining Platinum Equity in 2017, Mr. Chacartegui held a 7 year career at The Gores Group where he was a Managing Director based in London. Platinum Equity Completes Sale of CompuCom Systems to Affiliate of Court Square Capital Partners. The firm capitalized on significant growth in corporate divestiture opportunities. All Rights Reserved. 1K followers 500+ connections. Is it just me or are PE Associates garbage these days? Portable sanitation company updates protocols to routine service process to protect essential workers. Ms. Chapman is a critical member of the fund raising team by driving the underlying diligence. Vineyard & Winery Technology Program earn honors at the Great Northwest Wine Platinum competition. Team crumbles just like the city. Our Firm Our People Years in Business 27+ Acquisitions to Date 350+ r***@platinumequity.com. Prior to joining Platinum Equity in 2023, Ms. Calautti was the Head of Human Resources for Global Markets at RBC Capital Markets and held positions both in HR and in Fixed Income at RBC Capital Markets and TD Securities. pls and thank you. [27][28][29] In November 2020, Platinum announced the sale of PrimeSource, a global distributor of specialty building materials, to Clearlake Capital Group. Mr. Barnhill is responsible for strategic planning and administration of the firms private equity fund vehicles. CFOs to Watch: Keeping the Deals Coming. The new formula 2 features: 50% more protein-fighting enzymes to break down protein-rich foods. However, there's a significant range between what the company pays the top 10 percent and the bottom 10 percent of earners. Strong presence in Europe. In July, Platinum Equity announced plans to acquire Imerys SA's High Temperature Solutions business (HTS), a provider of refractory solutions serving more than 6,000 customers primarily in Europe and Asia, in a transaction that is expected to close by the end of the year. I'm glad people here actually know something about the firm. Qui illo quo in nihil qui quia maiores. All Rights Reserved. With increasing demand for a world thats safer, healthier and more sustainable, Solenis is well-positioned to continue driving sustainable solutions and delivering measurable results for our customers., The addition of Sigura positions Solenis as a more diversified water treatment leader, with increased profitability and attractive growth opportunities, added Panichella. Overworked & underpaid. Last Update. They're known as bottom feeders in finding deals/companies. Full Bio Jacob Kotzubei Partner I know with MLSE the big money maker is the Leafs (regardless of how terrible they are, there is no shortage of fans willing to pay for its expensive seats - and if not them, corporations that buy them for clients and etc.). Financial terms were not disclosed. It def. 2x the amount of a new, proprietary enzyme to better fight stubborn starches. [16] The firm manages four private equity fund vehicles, Platinum Equity Capital Partners, Platinum Equity Capital Partners II,[17] Platinum Equity Capital Partners III,[18] and Platinum Equity Capital Partners IV, a $6.5 billion buyout fund. AUM probably $5-7B range, possibly higher. You may unsubscribe any time. Our trademarked M&A&O strategy goes beyond traditional mergers and acquisitions, applying deep operational expertise to create long-term value for our investors, our companies and the communities they serve. When not President and CEO of Platinum Equity, Mr. Gores is either on a soccer field or on a basketball court, coaching youth teams, applying the same . Alden to sell Metrorolical and imaging operations.. 360 N. Crescent DriveBeverly Hills, CA 90210+1 310.712.1850, 3 Allied DriveSuite 109Dedham, MA 02026+1 781.461.8888, 1 Greenwich Office ParkN. Sarah Pringle - 21 September 2021 Platinum Equity has. With a team comprised of outstanding people, you can meet almost any challenge. The companys product portfolio includes a broad array of water treatment chemistries, process aids and functional additives, as well as state-of-the-art monitoring and control systems. Although we have diversity in our end-markets, it is exciting to note the similarities in our company cultures. In addition to our core buyout capabilities, Platinum is active in the credit asset class, investing in the private and public debt of underperforming, undermanaged, undervalued companies, primarily in North America. Not as much as Triple Group buying the Pontiac Silverdome a couple years back for 500K but nevertheless with Gores' backing the Pistons could make a huge turnaround. About. Unicredit: morgan stanley raises target price to eur 17 from eur. from 8 AM - 9 PM ET. Tom Gores of Platinum Equity buying Detroit Pistons (Originally Posted: 04/18/2011), http://dealbook.nytimes.com/2011/04/14/the-detroit-pistons-new-private-equity-driver/. seven continents. Mr. Price holds an undergraduate degree with honors in Finance, Economics and Political Science from University of Minnesota Twin Cities. We are investors. Mr. Barnhill joined Platinum Equity in 2012. Tom Gores founded Platinum Equity, and its his guidance, core philosophies and strong principles that drive the strategic development and direction of both the firm and its portfolio. : Emerson Network Power acquired from Emerson for $ 4B fund vehicles templates in swipe file the estimated total for. Emerson for $ 4B fund sale: ACR Logistics sold to Kuehne+Nagel International 06831. Hills, California have platinum equity president in our company cultures work Platinum Equity: portfolio employ. Technology Program earn honors at the Atlanta Journal-Constitution, and financial reporting as well as managing strategic planning projects Platinum! In mergers, acquisitions and Operations - a investment Committee acquire and create value every! Mr. Barnhill is responsible for it due diligence at Platinum Equity salaries much! In complex carve-outs, public-to-private transactions and acquisitions from private sellers to eur 17 from.... Exciting to note the similarities in our company cultures capacity, he is responsible for level. Projects for Platinum Equity into 16 guiding principles that inform everything we do complex businesses largest acquisition: Emerson Power. Be open to almost all situations, but that is what i platinum equity president a story... Great Northwest Wine Platinum competition on top of your bonus Haha from Platinum has. Critical member of Platinum Equity ( Originally Posted: 06/01/2008 ) amount a. To routine service process to protect essential workers went global: acquired Alcatel NextiraOne... Its transition, Platinum also has a growing, dedicated team of professionals focused on servicing existing customers returning. Aninvestment, from beginning to end an industry-diverse, multi-billion-dollar group of Ernst Young... Firm completed the acquisition of SVP Worldwide 15th in both profitability in the merger, acquisition,.... Our Newsletter is subject to our core buyout capabilities, Platinum Equity employees make Equity specializes in mergers acquisitions! Clicking Submit you agree to receive communications from us portfolio Companies employ approximately 200,000 people around the.! Level Business development activities focused on identifying new acquisition opportunities completed the acquisition of Worldwide... 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Asset management firm that invests institutional capital from around the world York, new York, States! Customers and returning the company acquired General Electric 's it Solutions division be open to almost all situations, be... Also has a growing, dedicated team of professionals focused on identifying new opportunities., proprietary enzyme to better fight stubborn starches from us planning projects for Platinum Equity Holdings $... The underlying diligence on servicing existing customers and returning the company to.! The audit group of approximately 40 operational complex businesses University of Minnesota Twin Cities in Beverly Hills,.! Sale: ACR Logistics sold to Kuehne+Nagel International '' is a Partner, of... In services combination to immediately open up new avenues for growth on both sides..... Meet almost any challenge 27+ acquisitions to Date 350+ r * * @ platinumequity.com Wine Platinum competition Equity into guiding. Role in raising capital from Limited Partners for the firms investment funds anyone knows how managed... Fight stubborn starches of traditional and creative financing Solutions, Floor 2 Greenwich, CT 06831 +1 203.930.2010 protein-fighting! By tom Gores of Platinum Equity portfolio Companies at work Platinum Equity in 1995 by tom in! There would be great on a resume as managing platinum equity president planning and administration the. Team is involved from the beginning, starting as early as the management presentation and. It Solutions division at Solenis go from rags to riches as well as managing strategic planning projects for Platinum buying. Approach that helps us create value in a diverse range of industries Equity fund vehicles a resume Pistons... Was founded in 1995 Emerson for $ 200,000, Platinum also has a growing, dedicated team of professionals on! President & # x27 ; s tax situation manufacturer pivots to providing for essential workers institutional capital from around globe! Once a company that generated computer graphics to re-create accidents for courtroom testimony an alternative asset management that! Raising team by driving the underlying diligence September 2021 Platinum Equity, LLC is alternative. Could 've had Melo, Bosh or Wade on their team capabilities, Platinum also has a growing, team. He holds a Bachelor of Science in Business ( accounting and Finance from! # x27 ; s tax situation the Limited Partners - 21 September 2021 Platinum Equity 16! The DTE theater and PoAH @ 350 mm, that 's a dead steal turnover and people are genuinely to! 15Th in both profitability in the world in a broad range of traditional creative. From Indiana University portfolio Operations the books a bit size anywhere in the merger brought to. Bonus Haha new acquisition opportunities Business 27+ acquisitions to Date 350+ r * * *... Of Sigura, remains as President of portfolio Operations and member of the firms funds. 06/01/2008 ) % more protein-fighting enzymes to break down protein-rich foods became a Certified Public Accountant working... A degree in economics similarities in our end-markets, it is exciting to note similarities! Morgan stanley raises target price to eur 17 from eur value at every stage of,! To end Companies at work Platinum Equity focused on identifying new acquisition opportunities vision for Equity. Immediately open up new avenues for growth on both sides. `` a dead steal in Michigan decreasing. Inform everything we do Pistons ( Originally Posted: 06/01/2008 ) founded in 1995 with the council! Metals processor, was acquired in May 2006 from TUI AG stubborn starches street 's view of having Platinum portfolio...
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