Automotive Industry
Industry: Email Alert RSS FeedPrivate equity can be beneficial for suppliers.(Opinion)
Automotive News Europe, April, 2007
Agonizing over private equity's growing role in the auto industry is a waste of time.
Private equity is here to stay, and the role of private finance in the industry is growing whether you like it or not.
According to our own estimates $54.4 billion (about [euro]40.8 billion) of automotive supplier revenue in the US has been acquired directly or indirectly by private equity in the past year. In Europe, the total is rising as well.
There are many recent examples on both sides of the Atlantic.
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* Several funds, led by Cerberus Capital Management and Blackstone Group, are ...
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