Companies looking to sell out to The Carlyle Group should consider the private equity underwriter's (PEU's) track record in the automotive parts space. Carlyle owned United Components from 2004 to 2009. The number of employees fell from 6,900 to 4,350. Carlyle pulled $35.3 million from UCI via a special dividend in 2007.
Will Cooper Standard and/or TI Automotive suffer the same fate as UCI? That would entail a Rank ending, but that's common for PEU's.
Update 11-22-11: Carlyle's winning bid for TI Automotive has not been able to secure debt financing due to seized debt markets.
