This content is from: Innovation

3i Buys Auto Products Maker Stake

Private equity firm, 3i Group, has acquired a majority stake in automotive industry supplier, Hilite International.

Private equity firm, 3i Group, has acquired a majority stake in automotive industry supplier, Hilite International, The Wall Street Journal reports. The deal is estimated to be worth about $300 million.

Lazard acted as the advisor to Hilite, while 3i Group was advised by Houlihan on the transaction. Hilite operates six manufacturing plants across North America, Europe and Asia.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.

Related Content