Hilite is a global supplier of leading automotive solutions, and innovative engine and transmission products. Through our ownership, it transformed from an ambitious and growing automotive business to a truly global leader in innovative products for improving fuel efficiency.

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Overview

Together with the Board, we developed Hilite's internationalisation strategy, introduced a Chair with strong global sector knowledge and an extensive network. We brought in two NXDs, one with US experience and the other with a Chinese focus, to help develop the Asian market. We also established a state of the art manufacturing plant in China in order to drive Asian sales and helped the development of a ‘one international Hilite’ culture which improved operating efficiency through best practice sharing.

How we added value

• 50% core revenue growth, including sales to China increasing from 0 - 17% in three years
• Won new customers globally including Audi and Volvo, and provided greater global support to existing customers
• Globally coordinated R&D effort with new centres opened in the US and China
• Large scale global sourcing improvement initiative

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i Germany.