/ Industry, News / Report – TI Automotive to seek IPO, sale with Blackstone aid

Report – TI Automotive to seek IPO, sale with Blackstone aid

Linked In Share
Report – TI Automotive to seek IPO, sale with Blackstone aid

According to people close to the matter, the advisory arm of Blackstone Group LP has been hired by the hedge fund owners of TI Automotive to start evaluating a range of options for the auto parts maker – which include an initial public offering or a sale.

Blackstone Advisory was asked in the recent weeks by TI Automotive’s owners to comne and evaluate competing buyout offers from Bain Capital LLC and Pamplona Capital Management LLP, while also at the same time value the deals against the process of going public in an initial offering (IPO).

The sources, talking to Reuters under the condition of anonymity, because the matter is not public, added that a good part of the shareholders consider they could get a higher valuation from going with TI Automotive public, instead of selling it outright to a private equity.

TI Automotive has been working for several months to find a buyer with Deutsche Bank and JPMorgan Chase & Co and the owners brought in Blackstone separately after the takeover bids were below their expectations.

TI Automotive has been put up for sale again last year, after a failed sale attempt in 2011 by the current owner – a consortium of funds led by Oaktree Capital Group LLC and Duquesne Capital Management LLC, which acquired the company in 2007 in a debt restructuring.

According to its website, TI Automotive has north of 20,000 employees at 130 locations worldwide and has contracts to supply all of the world’s major automakers. Alongside US rival Cooper-Standard Holdings, Ti is one of the world’s largest suppliers of systems that allow the control, sensing and delivery of fluids and vapors in vehicles.

Via Reuters

by Aurel Niculescu (my Google+) - Friday, January 31st, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
IPO sale TI Automotive us valuation


Discuss: Report – TI Automotive to seek IPO, sale with Blackstone aid

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Test Drive: Renault Scenic XMOD 1.6 dCi
Test Drive: Renault Scenic XMOD 1.6 dCi One of the most popular minivans currently available for order, the Renault Scenic, has given me some different sensations but ...
Top 10 Ferrari F1 drivers No. 7: Alain Prost
Top 10 Ferrari F1 drivers No. 7: Alain ProstMatchless throttle delicacy, unequalled tactic acuity and race craft beyond the usual borders. The Professor was one of the ...
BMW 1-Series facelift spy shots
BMW 1-Series facelift spy shotsThe German based automaker BMW is currently testing out a facelifted version of the 1-Series which should make its public debut ...
Ford C-Max facelift caught on the open road
Ford C-Max facelift caught on the open roadFord is currently testing out an updated version of the C-Max which will bring the minivan closer to newer models in the ...
BMW M2 spied
BMW M2 spiedOur spy photographers have recently managed to capture on camera the new top of the line version of the 2-Series Coupe, the much ...
[VIDEO] Abandoned Porsche Carrera GT spotted in Canada
[VIDEO] Abandoned Porsche Carrera GT spotted in CanadaAn abandoned Porsche Carrera GT has been recently spotted out in an underground parking lot in Canada, where it was quietly ...
Rappers and Bugattis dominate list of most expensive celebrity cars
Rappers and Bugattis dominate list of most expensive celebrity carsMany serious car collectors - like the one that paid a cool record-setting $52 million last year for a 1963 Ferrari 250 GTO - ...
[VIDEO] See a Ferrari 458 Speciale jump and power slide
[VIDEO] See a Ferrari 458 Speciale jump and power slideA brand new Ferrari 458 Speciale has been put to a severe test by who is believed to be its owner after he managed to jump and ...
McLaren P1 seen in custom blue shade
McLaren P1 seen in custom blue shadeAnother unique version of the impressive McLaren P1 has been spotted in its custom blue shade across the ocean, where it will ...
[VIDEO] EVO drives the Ferrari F40 in the Alps
[VIDEO] EVO drives the Ferrari F40 in the AlpsA new video with the impressive Ferrari F40 is showing the supercar being driven in the Alps by EVO. Ferrari fans out there, ...
Toyota’s safety monitored by former US Attorney
Toyota’s safety monitored by former US AttorneyDavid Kelley, a former US Attorney, has been named as Toyota's government supervisor, tasked to monitor the Japanese ...
[VIDEO] Infiniti Q50 Eau Rouge arrives in Forza Motorsport 5
[VIDEO] Infiniti Q50 Eau Rouge arrives in Forza Motorsport 5Xbox One gamers will be glad to find out that there is now new download content available in the Forza Motorsport 5, which is ...
2015 BMW X6 online configurator introduced
2015 BMW X6 online configurator introducedThe online configurator for the new generation of the BMW X6 has been recently introduced by the car manufacturer. If the new ...
[VIDEO] Mercedes-Benz G63 AMG 6×6 scares supercars during track day
[VIDEO] Mercedes-Benz G63 AMG 6×6 scares supercars during track dayA Mercedes-Benz G63 AMG 6x6 has been recently spotted on a circuit, during a track day, where it managed to scare the heck out of ...
US: which is the best city car?
US: which is the best city car?Contrary to popular belief, living in a big urban area doesn’t necessarily rule out the necessity of a car. Statement to that ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

0-Renault Scenic xMod Test Drive Exterior (7)
Spy-Shots of Cars
Spy-Shots of Cars
Spy-Shots of Cars
mclaren p1 custom blue 1
2015 volkswagen touareg 1
2015 volkswagen jetta facelift 1
2015 volvo xc90 1
2015 hyundai i20 1
mclaren 650s sprint 1
2015 Cadillac Escalade Platinum 1
2015 nissan 370z nismo 1

More automotive from inautonews
One of the most popular minivans currently available for order, the Renault Scenic, has given me some different sensations but in the end all I had to say about it is that you should definitely consider adding one to your garage if you are a family guy / girl. Renault has produced its first ever ...
read more
Inautonews Editors Section
Test Drive: Renault Scenic XMOD 1.6 dCi
Test Drive: Renault Scenic XMOD 1.6 dCi One of the most popular minivans currently available for order, the Renault Scenic, has given me some different sensations but in the end all I had ...
Top 10 Ferrari F1 drivers No. 7: Alain Prost
Top 10 Ferrari F1 drivers No. 7: Alain ProstMatchless throttle delicacy, unequalled tactic acuity and race craft beyond the usual borders. The Professor was one of the greatest drivers ever to ...
Top 10 Ferrari F1 drivers. Pos. 8 Froilan Gonzalez
Top 10 Ferrari F1 drivers. Pos. 8 Froilan GonzalezIn the shadows of Ascari and Fangio lies a giant. With a mobster like allure, powerful as a wrestler and fast as hell, he is the man who broke the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Mitsubishi vehicles in AustraliaMitsubishi has recently announced a recall for several vehicles across Australia, because of a ... Recall roundup: Three different recalls for HyundaiHyundai has recently issued no less than three recalls which are affecting 419,000 of its vehicles ...
Safety Section