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, ...