Platinum Equity Mulls Sale Of Keystone Auto

Target: Keystone Automotive Operations

Price: $400 million to $500 million

Sponsor: Platinum Equity

Financial Advisers: Baird, UBS

Beverly Hills buyout shop Platinum Equity is exploring a sale of Keystone Automotive Operations, which makes specialty auto parts such as grill guards, roof racks and superchargers that make cars faster and sleeker, three sources familiar with the matter told sister news service Reuters.

Platinum Equity, which acquired Keystone through an out-of-court debt restructuring in 2011, has hired investment banks Baird and UBS to run a sale process that could fetch between $400 million and $500 million, the sources said. Representatives for Platinum, Keystone, ...

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