Platinum Equity Completes $6.5 Billion Fundraising
03.14.17
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Simpson Thacher represented Platinum Equity in the formation and raising of Platinum Equity Capital Partners IV. The fund was heavily oversubscribed, holding its final closing at its hard cap of $6.5 billion with more than 200 limited partners from 28 countries.
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with a portfolio of approximately 30 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® - acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics.
The Simpson Thacher team included Tom Wuchenich, Steven Sutton, Audrey Jeung, Kate Bai, Ayal Bainvoll and Haiyun Damon-Feng (Private Funds); Tanvi Mirani (Tax); and Jeanne Annarumma (ERISA).