Tom Gore’s Platinum Equity is expanding its entertainment investments with the acquisition of Deluxe Entertainment Services Inc.’s distribution business.
The private equity firm didn’t disclose financial terms of the deal, but it said Deluxe Entertainment’s creative businesses were not included in the acquisition.
Beverly Hills, California-based Platinum Equity said former Deluxe Chief Executive Cyril Drabinsky, who left the company in 2016 to found CineVizion, is returning to lead the business as CEO under Platinum Equity’s ownership. As part of the transition, CineVizion’s assets will be integrated into Deluxe.