Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

TI Automotive Said to Weigh Sale for up to $1.5 Billion

TI Automotive, the closely held auto-parts maker founded almost a century ago, is exploring options including a sale that may fetch about $1.5 billion, said people with knowledge of the matter.

The company, based in Auburn Hills, Michigan, is working with Deutsche Bank AG on finding bidders, said three of the people, who asked not to be named because the process is private. JPMorgan Chase & Co. also is involved, one of the people said. TI is owned by a group of U.S. and U.K.-based hedge funds, according to two people.

The company, which once supplied fuel lines to Ford Motor Co.’s Model T, traces its roots to 1919, when it was known as Tube Investments Ltd. in Birmingham, England. TI generated about $3 billion in revenue last year, with more than one-fourth coming from North America, according to spokesman Frank Buscemi.

TI, which is registered in Oxford, England, makes fuel tubes, lines and tanks. Buscemi declined to comment on whether TI is pursuing a sale, as did Deutsche Bank spokesman Ari Cohen. JPMorgan spokeswoman Tasha Pelio also declined to comment.

Two private-equity firms were approached about the company, said one of the people, who declined to name the investment firms. New York-based KKR & Co. considered the asset and decided against a purchase, according to another person with knowledge of the matter. A representative at KKR declined to comment.

Bill Kozyra, once Continental AG’s head of North American operations, took over TI Automotive in 2008 as chief executive officer. TI’s products are on about two-thirds of the world’s vehicles, according to Buscemi.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.