Platinum Equity has held a final close for Platinum Equity Capital Partners V on its hard-cap of $10bn, exceeding its target of $8bn.
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group
Fund completed its first deal, backing Denmark-based solar energy provider Better Energy