Platinum Equity completed the acquisition of Cision for $2.7bn.

Platinum Equity, an investment firm specializing in mergers, acquisitions and operations, completed the acquisition of Cision, a provider of software and services to public relations and marketing communications professionals, for $2.7bn. "Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment. This is an investment that plays to Platinum's core strengths. We will deploy our full range of global operations capabilities, financial resources and M&A support to help the company maximize its potential," Tom Gores, Platinum Equity Chairman and CEO.