Bain Capital cuts TI Fluid Systems holding

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By Aidan Gregory
16 Apr 2021

Bain Capital has trimmed its stake in TI Fluid Systems, the UK maker of automobile fluid delivery systems that floated on the London Stock Exchange in 2017.

Launched after the market close on Thursday evening, the £146m sale consisted of 52.43m shares sold by Bain and Bill Kozyra, the outgoing CEO of TI Fluid Systems, who sold 400,000 shares.

The deal priced at 280p a share, a 9.1% discount to the closing price of TI ...

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