Remember the financial meltdown of 2009? The Dow was plummeting and companies were jettisoning jobs like a dog shaking off fleas. Industrials, which includes companies in mining, chemicals, transportation and packaging, recovered faster than most groups. In fact, industrials began outperforming the S&P 500 starting in August 2009 and kept this up until first quarter of this year, according to Bill Peluchiwski, who is co-head of the industrials group at Houlihan Lokey.

Yesterday, I spoke to Peluchiwski, who founded Houlihan’s industrials group roughly a decade ago. Peluchiwski has recently worked on such deals as the sale of ASIMCO, the Chinese truck components company, to Bain Capital and advised Delphi in its $3.8 billion buyback of a stake held by GM.

Steve Miller, former chairman and CEO of Delphi Corp., has been named chairman of mid-market private equity firm MidOcean Partners. Mark Angelson, who was named firm chairman in December 2007, will remain on the MidOcean executive committee, but will devote most of his time to serving as chairman and CEO of publicly-held World Color Press.

NEW YORK (Reuters) – A U.S. judge ruled on Thursday that auto parts maker Delphi Corp can sell itself to a group of lenders, paving the way for the company to end its near four-year trip through bankruptcy court. Earlier this week, Delphi’s board accepted a bid from its debtor-in-possession lenders, including several hedge funds, [...]

DETROIT/NEW YORK (Reuters) – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s board of directors and GM both offered their support for the proposed deal that would [...]

NEW YORK (Reuters) – A federal judge postponed the auction for the assets of bankrupt auto parts maker Delphi Corp (DPHIQ.PK) on Tuesday for a second time, in an effort to give bidders more time to work out a deal. The auction was postponed until Friday after a meeting in chambers on Tuesday, according to [...]

DETROIT (Reuters) – Auto parts maker Delphi Corp has reached an agreement with its bankruptcy financing lenders and former parent General Motors for a plan to emerge from court protection, The New York Times reported on Thursday. Delphi reached a tentative agreement early Thursday for a deal that would supersede one set with private equity [...]

NEW YORK  (Reuters) – Bankrupt autoparts maker Delphi Corp said on Friday that it had received no additional bids for the company as part of a court-mandated auction that seeks to create alternatives to a previous deal it reached with a private equity firm. Delphi, which has been trying to emerge from bankruptcy, was told [...]

DETROIT/NEW YORK (Reuters) – At least six potential suitors including TRW Automotive Holdings (TRW.N) have considered bidding for Delphi Corp, a day before a deadline for offers on the assets of the bankrupt auto parts maker, sources briefed on the matter said on Thursday. Auto parts maker Federal-Mogul Corp (FDML.O), hedge fund Elliott Management and [...]

DETROIT/NEW YORK (Reuters) – Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday. Federal-Mogul, controlled by billionaire investor Carl Icahn, had discussions about buying all or [...]

DETROIT/NEW YORK (Reuters) – Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp (DPHIQ.PK), two people with knowledge of the matter said on Thursday. Hedge fund Elliott Management is also preparing a credit bid for Delphi, which was spun off by General Motors Corp [...]