Bain Capital has completed its previously announced acquisition of TI Automotive, a provider of fluid storage, carrying and delivery systems to automotive manufacturers. The existing management team will continue to lead the company. Bain Capital announced this acquisition in late January 2015.
“TI Automotive has achieved leading market positions across its product lines by having a disciplined focus on manufacturing high quality, performance critical fluid systems for global automotive OEMs,” said Todd Cook, a Managing Director at Bain Capital. “Bain Capital brings deep experience and a track record of success in the global automotive industry. We look forward to collaborating with President and CEO Bill Kozyra and the rest of the management team to grow the business by enhancing the product portfolio and advancing the technology at an even faster pace.”
TI Automotive is an automotive supplier of fluid carrying systems; tank systems; pump and module systems; HVAC fluid systems, and powertrain components. The company is headquartered in the Detroit suburb of Auburn Hills and has facilities in 29 countries (www.tiautomotive.com).
“TI Automotive is excited to usher in our next phase of growth in partnership with Bain Capital,” said Bill Kozyra, TI Automotive President, CEO and Chairman of the Board. “We are looking forward to working with Bain Capital which has been a big supporter of TI Automotive. This is an exciting time for our company.”
Bain Capital manages several pools of capital, including private equity, venture capital, and public equity and leveraged debt assets. The firm has more than $75 billion in assets under management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in more than 450 companies in a variety of industries around the world. The firm has offices in Boston, New York, Chicago, Palo Alto, London, Munich, Dublin, Luxembourg, Tokyo, Shanghai, Hong Kong, Mumbai and Melbourne (www.baincapital.com).
Goldman, Sachs & Co. and UBS Securities served as financial advisors, Ropes & Gray served as legal counsel, and PWC served as accounting advisor, to Bain Capital. Blackstone Advisory Partners served as financial advisor and Latham & Watkins served as legal counsel to the shareholders of TI Automotive. Weil, Gotshal & Manges served as legal counsel to TI Automotive.
© 2015 PEPD • Private Equity’s Leading News Magazine • 7-1-15