“We’ve built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities,” declared Platinum Equity Chairman and CEO Tom Gores, who founded the firm in 1995. “The team has deep roots and tremconcludeous momentum, and the overwhelming response to our latest fund is a testament to that.”
The firm’s lower middle market team comprises more than 40 M&A and Operations professionals across North America and Europe. The group specializes in transactions involving founder- or family-owned businesses, complex corporate divestures, public-to-private transitions, and acquisitions from a diverse range of private sellers. Recent acquisitions include home appliance distributor R&B Wholesale Distributors, Italian pesto buildr Polli, and HVAC/R distributors Global and MARS.
Small Cap II marked Platinum Equity’s second successful capital raise in back-to-back years. The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4 billion in capital commitments. The firm has raised more than $47 billion in equity commitments from institutional investors since launching its funds business more than two decades ago.
Simpson Thacher & Bartlett LLP is Platinum’s fund counsel and legal adviser for Small Cap II.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 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, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.
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