TI Automotive

TI Automotive Supplier (“TI”) was a leading, global supplier of innovative fluid storage and delivery systems to automakers worldwide with annual sales of approximately $3 billion. The unprecedented slump in the global automotive sector that began in 2008 posed serious challenges to the survival of TI. The company needed to complete operational restructuring and to find a capital structure solution so it could survive the economic downturn. The advisors' primary role in the transaction was to advise the 1st Lien Lenders (approximately 17 par and distressed investors/hedge funds in U.S. and Europe). ​

KEY ACHIEVEMENTS

The advisors worked closely with the debtor and its investment bank to do the following:​

• Develop a comprehensive 5-year operating model that served as the foundation for the company’s strategic business plan and budget

• Assist in negotiations with various constituents (i.e., revolvers, second liens and equity holders)

• Analyze all proposals made by the company and revolvers, assisted with intra-group communications and evolving stakeholder dynamics

• Help build consensus as to the ultimate course of action