Press Release July 10, 2020

Alston & Bird Advises Platinum Equity on Acquisition of Deluxe Entertainment’s Distribution Business

Alston & Bird client Platinum Equity has acquired the distribution business of Deluxe Entertainment Services Inc., a leading digital postproduction technology and distribution service provider.

Alston & Bird advised Platinum on the financing of the acquisition, which continues Platinum’s push into entertainment and its commitment to the industry during the disruption caused by the coronavirus pandemic.

Founded in 1915 as a film processing lab as part of the Fox Film Corporation, Deluxe provides a full suite of solutions to the world’s leading content production studios and distributors. The company has approximately 3,400 employees globally with key hubs in Los Angeles, Bangalore, London, and Sydney.
 
Platinum Equity is a global investment firm with approximately $23 billion in assets under management and a portfolio of approximately 40 operating companies, including Detroit Pistons Sports and Entertainment and live concert and events company 313 Presents. Over the past 25 years, Platinum has completed more than 250 acquisitions.

This is the third transaction by Platinum Equity in recent months for which Alston & Bird has advised on the financing. The firm advised Platinum Equity on the acquisition financing of Pro-Mark Inc., a sprinkler and irrigation company, as well as Pro-Mark’s add-on acquisition of Bond Manufacturing’s garden business from affiliates of the company’s founding family in a carve-out transaction. 

Advising Platinum Equity on the Deluxe Entertainment deal is an Alston & Bird Finance team led by partners Matthew Wrysinski, Kevin Fink, and Andrew Petersen; senior associates Kayla Mehring and Sherry Scrivens; and associate Akiba Chonoles.
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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