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Press Releases • May 10, 2006

Platinum Equity Signs Definitive Agreement to Sell NextiraOne Europe to ABN AMRO Capital

Under Platinum’s Guidance, the Former Alcatel Business Unit Made a Successful Transition to Standalone Company, and Became One of Europe’s Leading Communications Service Providers   LOS ANGELES and PARIS (May 10, 2006) – Platinum Equity announced today that it has agreed to sell portfolio company NextiraOne Europe to ABN AMRO Capital France, the French private equity business of ABN AMRO Capital. The transaction, subject to normal closing conditions and regulatory approval, is expected to be completed in several weeks.   “NextiraOne Europe has been a landmark inve...

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Press Releases • May 10, 2006

Platinum Equity Completes Acquisition of PNA Group, Inc.

LOS ANGELES (May 10, 2006) – Platinum Equity announced today that it has completed the acquisition of PNA Group, Inc., a leading processor and distributor of steel products with annual revenue of approximately $1.2 billion. The transaction was announced in February.   The seller is TUI AG, the largest travel and tourism company in Europe, which has been divesting non-core industrial holdings in order to focus on its core tourism and shipping sectors.   The PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the Unite...

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Press Releases • May 31, 2006

Platinum Equity Acquires Metals Supply Company Ltd. As Add-On to Steel Services Platform PNA Group

Complementary Business Will Extend PNA’s Reach in North America LOS ANGELES (June 7, 2006) – Platinum Equity announced today that it has acquired Metals Supply Co. Ltd. (“MSC”), a large regional steel service center and distributor with annual revenue in excess of $100 million. The business will be integrated with PNA Group, a $1.5 billion revenue steel service and distribution platform that was acquired by Platinum Equity in May 2006. “Metals Supply Company has established a strong regional presence in Texas and the surrounding states, and we think it will be a terrific comple...

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Press Releases • June 01, 2006

Platinum Equity Signs Definitive Agreement to Acquire Textron Fastening Systems

Acquisition Represents Extension of Platinum’s Global Reach; Unit Serves Customers in 150+ Countries, Has Revenue of Approximately $1.8 Billion LOS ANGELES (June 1, 2006) – Platinum Equity announced today that it has signed a definitive agreement to acquire Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller is Textron Inc. (NYSE: TXT), which announced in late 2005 that it would sell the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. Plat...

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Press Releases • August 11, 2006

Platinum Equity Completes Acquisition of Textron Fastening Systems

LOS ANGELES (August 11, 2006) – Platinum Equity announced today that it has completed the acquisition of Textron Fastening Systems, a premier global provider of fastening technologies and services to customers in a broad range of industries. The seller was Textron Inc. (NYSE: TXT), which divested the $1.8 billion revenue unit as part of a strategic divestiture of non-core manufacturing businesses. “We appreciate Textron’s belief in us as the right acquirer for this business, and we are confident that it will be a great platform for future growth,” said Tom Gores, chairman and chief ...

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Press Releases • November 07, 2006

Platinum Equity Signs Definitive Agreement to Acquire Healthcare Services Unit from Cardinal Health

LOS ANGELES, CA (November 7, 2006) – Platinum Equity announced today it has signed a definitive agreement to acquire the Healthcare Marketing Services (HMS) unit of Cardinal Health (NYSE: CAH). Terms of the transaction, which is expected to close prior to the end of 2006, were not disclosed. HMS provides sales and marketing communications services and materials to the pharmaceutical and biotechnology industries. The company, which generated close to $200 million in revenue in 2005, delivers promotional and strategic communications, certified education and event data management services, a...

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