Blackstone Group Buys TRW
The automotive parts division of TRW is to be sold to investment firm Blackstone Group for $4.7 billion, once TRW’s merger with Northrop Grumman is finalised. TRW recently sold its aeronautical systems business to Goodrich for $1.
5 billion. TRW makes seat belt systems, air bag systems and other components, with annual sales over $10 billion. Blackstone has raised a private equity fund worth $6.