Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies, and is in talks to take it public through a merger with a blank-check company, Bloomberg reports, citing people with knowledge of the matter.
Atlantic Avenue Acquisition formed by middle-market lender MC Credit Partners, has approached Platinum about a potential deal to merge with Securus, said the people, who asked not to be identified because the discussions are private. Read more.
