Established plant in China
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Ambitious growing automotive business to a truly global leader in innovative products to improve fuel efficiency

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Investment date

2011 - 2014

Good to great


money multiple
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>50% revenue growth from its core business during 3i's ownership including sales to China growing from 0–17% in three years


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New customers won on a global basis with greater global support of existing customers


CAGR 2010-2013 compared to 4.5% industry average
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Globally coordinated efforts around R&D with new centres established in the US and China

Key events under our ownership

Managed CEO transition and brought in experienced CFO and COO
Board fully focused on internationalisation: Chair with global sector knowledge and two NXDs – one with US focus and one local in China to develop the Asian market
Relocated HQ from US to Europe
Established state of the art plant in China to support sales in Asia
Fostered the development of a ‘one international Hilite’ culture, allowing for operating efficiency through best practice sharing and a large scale global sourcing improvement initiative
Sold non-core SCR division to Cummins after 12 months to focus on the engine and transmission divisions