SOURCE: Platinum Equity

January 06, 2011 07:00 ET

Robert Klap Joins Platinum Equity as Principal

LOS ANGELES, CA--(Marketwire - January 6, 2011) - Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm's investor relations, capital raising and deal origination programs.

Most recently, Mr. Klap was an executive at UBS in London, responsible for managing private equity fund investments in the bank's wealth management group. Previously, he was a private equity portfolio manager at Shell Asset Management Company and a fund manager at Mn Services, each of which are institutional investors in Platinum's private equity funds.

"I am delighted that Robert is joining Platinum Equity," said Tom Gores, chairman and CEO of the firm. "We have a long history together, in which he has distinguished himself not only as an investment professional, but also as a trusted adviser. He's a smart and talented executive who will bring tremendous value to Platinum."

Mark Barnhill, the principal who leads global investor relations and capital raising for Platinum, said the addition of Mr. Klap would substantially increase the firm's capabilities in managing current and future investment funds.

"Robert is creative, engaging and very insightful about the global private equity landscape," Mr. Barnhill said. "He'll be a strong presence for us not only in Europe, where he'll be based, but also globally as we expand our investor relations platform and prepare for future rounds of capital raising."

Mr. Klap said, "I have watched up close as Platinum has developed into one of the strongest and most capable private equity firms in the world. Platinum's operational expertise, investment judgment and stellar track record speak for themselves. But what's most exciting for me is the opportunity to help the firm grow. I believe Platinum has only started to tap its full potential, and I am very excited to be a part of the next phase in the firm's development."

About Platinum Equity

Platinum Equity is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition. For more information, go to www.platinumequity.com.

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