Blue Harbour Group Comments On New 6.2% Stake In Adient

GREENWICH, Conn., Sept. 15, 2017 /PRNewswire/ -- Blue Harbour Group, L.P. today reported that it has become a lead shareholder in Adient plc, the world's largest independent company focused on automotive seating, and disclosed that it owns approximately 5.8 million shares or more than 6.2% of the company.  Blue Harbour exclusively assumes lead minority shareholder positions in companies with management teams it supports and believes will act in shareholders' interests to build and unlock significant value.

Peter Carlin, an analyst and managing director at Blue Harbour, commented, "Adient's management team has a history of creating enormous shareholder value.  We are confident that over the next few years, Adient's management team will capitalize on the company's many significant strategic and operational value creation opportunities, including improving margins in its market leading European Metals and Mechanisms business, expanding repurchases of its undervalued shares, and continuing to grow and highlight the value of its excellent business in China.  With its separation from Johnson Controls and its position as the world's largest independent company focused on automotive seating, we believe Adient should thrive in the evolving automotive marketplace.  Blue Harbour is pleased to partner with Adient as lead shareholder as it pursues the many opportunities ahead of it."

Blue Harbour Group was formed by Clifton S. Robbins in 2004 to pursue an Active Ownership investment strategy by acting as a lead minority shareholder primarily in U.S. publicly traded companies, and working collaboratively with managements and boards to identify initiatives to create and unlock shareholder value. Blue Harbour manages capital on behalf of pension funds, endowments, sovereign wealth funds and other institutional investors.  

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SOURCE Blue Harbour Group