Platinum Equity to Acquire XD Connects

Platinum Equity has signed a definitive agreement to acquire XD Connects, a Netherlands-based designer and value-added supplier of corporate gifts and custom-branded merchandise. The company’s acquisition is expected to create scale and expand product portfolio and geographic reach through an envisioned combination with Platinum Equity’s recently announced acquisition of Solo; financial terms were not disclosed and closing is subject to customary conditions and regulatory approvals.