FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

LBC Credit Partners Supports Hidden Harbor’s Acquisition of Cloyes’ Aftermarket Unit

May 31, 2018, 08:00 AM
Filed Under: Manufacturing

LBC Credit Partners, a provider of financing solutions to middle market companies, provided $41.0 million in senior secured credit facilities to support the acquisition of the aftermarket division of Cloyes Gear & Products, Inc. (Cloyes) by Hidden Harbor Capital Partners.

LBC served as Agent and Sole Lead Arranger for the senior secured credit facilities.

Based in Fort Smith, Arkansas, and founded in 1921, Cloyes is a global leader in the design, development, manufacturing, and distribution of timing drive systems and components for replacement applications in the automotive aftermarket and high-performance racing segment.

Hidden Harbor Capital Partners is an operationally focused private equity firm specializing in control investments in lower middle market companies.
 





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.