Kirkland Advises MidOcean on Successful Close of Single-Asset Continuation Vehicle for Cloyes
Kirkland & Ellis advised MidOcean Partners, a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit and structured equity, on the formation and closing of a single-asset continuation vehicle for Cloyes Gear and Products, Inc., the North American leader and global designer, developer, manufacturer and distributor of mission-critical timing drive systems and components for the automotive aftermarket. The continuation vehicle secured approximately $300 million in commitments, with funds managed by Hamilton Lane (Nasdaq: HLNE) serving as sole lead investor.
The Kirkland team included investment funds lawyers Eric Fischer, Sean Malone, Tana Wilner de Keller, Henry Greco, Sean Atkinson, Sean Grishpan and Anna Koonce; corporate lawyers Karen Flanagan and Michael Fiedorowicz; tax lawyers Elie Zolty and Grant Michael Newman; investment funds regulatory lawyers Eric Perelman, Xiao-Hong Jing, Olga Kamensky, Donna Zamir, Ryan Katz and Elizabeth Lee; investment funds ERISA lawyer Sabrina Glaser; and antitrust & competition lawyer Michael Thorpe.
