Platinum Equity Leads the Way in Financing for Kodak Alaris Recapitalization

In a significant move for the business landscape, Platinum Equity has announced its leadership in the recapitalization of Kodak Alaris, a well-known player in both film and photo solutions and data capture services. The announcement came on September 5, 2025, bringing attention to the strategic financial maneuver that aims to enhance the operational capabilities of Kodak Alaris, headquartered in Rochester, New York.

Kodak Alaris operates through two main business units: Kodak Moments, which offers a variety of film and photography solutions, and Alaris, known for its cutting-edge data capture and processing solutions tailored for enterprises and consumers. This bifurcation showcases the company's versatility in meeting the evolving demands of both markets.

The recapitalization done by Platinum Equity signifies their expertise in managing complex financial operations. Co-Presidents Jacob Kotzubei and Louis Samson expressed their commitment to adopting a rapid and determined approach despite the intricate nature of the markets. They noted, "This transaction reflects Platinum's ability to move quickly and decisively, even in a complex market."

The financing for this initiative was primarily spearheaded by Platinum Equity's dedicated credit team, specializing in providing tailored debt capital solutions. Their focus is on opportunities conducive to acquisitions, refinancings, and recapitalizations. Michael Fabiano, Managing Director and Global Head of Credit at Platinum Equity, shared their vision: "We aim to be a true strategic partner, leveraging Platinum's resources to deliver meaningful value to borrowers and their sponsors."

In their analysis, Platinum Equity sees Kodak Alaris as an ideal fit owing to its iconic brand and strong customer connections. They believe that with their partnership, Kodak Alaris can tap into various untapped commercial opportunities. The enthusiasm from Platinum Equity emphasizes their confidence in transforming Kodak Alaris as it seeks to realize its full potential.

Platinum's credit team is particularly focused on companies with an EBITDA ranging from $15 to $75 million, primarily within North America. Their approach underscores the necessity of providing bespoke financing solutions that align with borrowers' strategic objectives in the competitive landscape. Fabiano stated that the team is continuously scouting for new opportunities in this domain.

Furthermore, Houlihan Lokey has been appointed as the exclusive placement agent for Kodak Alaris, indicating a meticulous planning strategy accompanying the recapitalization efforts. This partnership is expected to enhance Kodak Alaris's operational strengths and market positioning, thereby reinforcing its legacy as a frontrunner in its field.

Platinum Equity, founded by Tom Gores in 1995, has amassed approximately $50 billion in assets under management, with a portfolio comprising around 60 operating companies across diverse sectors. The firm’s dedication to mergers and acquisitions, coupled with operational expertise, has marked its presence as a significant player in the investment arena. Over the last three decades, Platinum Equity has executed more than 500 acquisitions and debt financings, highlighting its commitment to growth and reformation in various industries.

In summary, the recapitalization of Kodak Alaris by Platinum Equity represents a strategic financial trajectory that seeks to capitalize on existing strengths while exploring new opportunities. The collaboration set forth is likely to redefine operational frameworks within Kodak Alaris and set benchmarks in the photography and data processing industries.