FCI in Negotiations to Sell Motorized Vehicles Division
May 29, 2012
FCI Group, a portfolio company of Bain Capital since 2005, has received a binding offer for its Motorized Vehicles Division to be acquired by Delphi Automotive (NYSE: DLPH) in a transaction valued at €765 million ($962 million). FCI Group's Motorized Vehicles Division makes automotive connection systems. Its connectors are used in the safety restraint systems, powertrain and electrical vehicles.