LBC supports Hidden Harbor's acquisition of Cloyes' aftermarket unit

LBC Credit Partners provided $41 million in loans to back Hidden Harbor Capital Partners' acquisition of the aftermarket division of Cloyes Gear & Products Inc. LBC was agent and sole lead arranger for the financing. Based in Fort Smith, Arkansas, Cloyes is a maker of timing drive systems and components for replacement applications in the automotive aftermarket and high-performance racing segment.

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