SOURCE: Platinum Equity

November 21, 2014 06:00 ET

David Boutry Joins Platinum Equity as Global Head of Business Development

Former Deutsche Bank Managing Director to Lead Platinum Equity's Dedicated Sourcing and Origination Team

LOS ANGELES, CA--(Marketwired - Nov 21, 2014) - Platinum Equity announced today that David C. Boutry has joined the firm as a principal and head of the firm's global business development team. He is based in Los Angeles and oversees Platinum's deal origination resources around the world.

"Dave is an experienced and creative senior executive who will drive the continued expansion of our global business development platform," said Platinum Equity Chairman and CEO Tom Gores. "Platinum's deal sourcing engine has always been a powerful differentiator for the firm. It's a capability that we are perpetually evolving in order to extend our global reach. Dave will play a vital role in directing the next phase of that evolution."

Mr. Boutry has spent more than 20 years in investment banking and private equity, and most recently served as Managing Director at Deutsche Bank Securities. As a senior member of Deutsche Bank's Financial Sponsor Group, Mr. Boutry provided a full range of investment banking services with coverage responsibility for many of the world's largest private equity firms.

"This is a great opportunity because Platinum Equity has such a unique and powerful value proposition," Mr. Boutry said. "The firm's integrated M&A&O® approach, backed by substantial capital resources, has made Platinum very successful. One of the keys is a dedicated team focused exclusively on deal origination. I am very excited to build on that team's success."

Mr. Boutry is the latest in a series of key additions to the Platinum deal origination team. Earlier this year the firm hired Craig Ashmore, a former executive vice president for planning and development at Emerson with more than two decades of experience as a corporate dealmaker and executive.

The firm also recently added two other principals, Randy Teo and Soo Jin Goh, in Singapore to help drive deal flow in Asia. Mr. Boutry said the team would continue to grow with additional hires in 2015.

Prior to Deutsche Bank, Mr. Boutry was a Senior Managing Director at Bear Sterns & Co., Inc, where he was responsible for senior level financial sponsor coverage. Mr. Boutry was previously a Vice President and Partner at Westbrook Partners, LLC and has held positions at Merrill Lynch & Co. and Chase Manhattan Bank. He holds a bachelor's degree in Business Administration from the University of Nevada.

About Platinum Equity
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations -- a trademarked strategy the firm calls M&A&O -- acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.

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