By Soyoung Kim and Greg Roumeliotis
NEW YORK (Reuters) - Hedge fund owners of TI Automotive have hired the advisory arm of Blackstone Group LP
TI Automotive's owners enlisted Blackstone Advisory in recent weeks to weigh competing buyout offers from Bain Capital LLC and Pamplona Capital Management LLP, and compare any deal against the merits of going public, the people said.
Some shareholders feel that they could get a higher valuation from taking TI Automotive public, instead of selling it outright, they added, asking not to be named because the matter is not public.
Any outright sale will likely have to value TI Automotive at north of $2 billion, higher than what the buyers were willing to offer, one of the people added.
TI Automotive has been working with Deutsche Bank
Representatives of TI Automotive and Pamplona did not respond to requests for comment. Blackstone and Bain declined to comment.
TI Automotive, which was picked up by a consortium of funds led by Oaktree Capital Group LLC
Hedge fund veteran Stanley Druckenmiller wound down Duquesne in 2010.
TI Automotive and U.S. rival Cooper-Standard Holdings Inc
TI Automotive has more than 20,000 employees at 130 locations worldwide, and supplies all of the world's major automakers, according to its website.
(Reporting by Soyoung Kim and Greg Roumeliotis in New York; Editing by Nick Zieminski)