Paul Hastings Represents Platinum Equity in Acquisition From Textron

August 14, 2006

Paul Hastings Represents Platinum Equity in Acquisition From Textron

Los Angeles, CA (August 14, 2006) - Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, represented private equity firm Platinum Equity and its various affiliates, in its acquisition from Textron Inc., of its Fastening Systems business segment. The transaction closed on August 11, 2006.

Representation of Platinum Equity included due diligence in the U.S. and numerous foreign jurisdictions, negotiation and execution of the acquisition agreement, issuer representation on a high yield senior secured notes offering and borrower representation on senior secured loan facilities.

The Paul Hastings team, led by partners Robert Miller, William Schwitter and David Dedyo, also included partners Robert Keane, Douglas Schaaf, Alexander Lee, Norman Futami, David Wang, and Erika Collins; of counsel Zachary Walton; and associates Jon Tyras, Stephen Lee, Lee Rawles, Keith Bauman, Kenji Hosokawa, Marjorie Culver, Shige Itoh, Eric Hickel, Kevin O'Sullivan, and Daphne Tam.

About Paul Hastings' Corporate Department: Teams of Paul Hastings' corporate attorneys provide clients with the sophisticated, cross-border legal and business expertise they need to finance and operate companies. The firm's M&A, Lending, Capital Markets, Project Finance, Private Equity, Investment Management and Securitization practices are nationally and internationally ranked. Paul Hastings' attorneys are experienced in every aspect of modern transactional practice in virtually every industry and service sector. Clients include major financial institutions, domestic, international, public and private companies.

About Platinum Equity: Platinum Equity is one of the largest and fastest-growing, private equity firms in the United States, specializing in the acquisition and operation of global, mission-critical technology companies.

Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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