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Hidden Harbor Capital Partners to Acquire Automotive Supplier Dayco.

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MANews-(C)2009-2022

US-based private equity firm Hidden Harbor Capital Partners has signed a definitive agreement, pursuant to which it will acquire US-based automotive and aftermarket industries engine products and drive systems supplier Dayco, LLC, the principals said.

Financial details of the transaction were not disclosed.

Founded in 1905, Dayco has undergone extraordinary growth to become an industry leader in the research, design, manufacture and distribution of essential engine drive systems and aftermarket services.

The transaction is subject to customary closing conditions and is currently expected to be completed in 3Q22.

Dayco is being advised by Skadden, Arps, Slate, Meagher and Flom LLP as legal counsel and Rothschild and Co is serving as financial advisor to Dayco.

Hidden Harbor is being advised by McDermott Will and Emery LLP as...

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