Configure played an instrumental role in the acquisition by helping us secure financing under an expedited timeline while also navigating the complexities of international jurisdictions.
Configure Partners Advises Hidden Harbor on its Acquisition Financing for Dayco LLC
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor” or “HHCP”) in securing committed debt capital to support HHCP’s acquisition of Dayco, LLC (“Dayco”), a leading engine products and drive systems supplier for the automotive, industrial, commercial, and their aftermarket industries.
Configure acted as the exclusive financing advisor to Hidden Harbor in connection with securing debt financing to facilitate the acquisition of Dayco. Configure supported all aspects of the debt financing process including lender approach, structuring, and negotiating the financing-related documentation for the acquisition.
“Configure played an instrumental role in the acquisition by helping us secure financing under an expedited timeline while also navigating the complexities of international jurisdictions. From start to finish, Configure was actively involved in every aspect of the transaction and we greatly appreciate all their hard work on this one,” said Benjamin Koch, Vice President at Hidden Harbor.
K.T. Taratus, a Vice President at Configure, commented, “We are pleased to have had the opportunity to work with the Hidden Harbor team and assist them on another important transaction. Hidden Harbor has an impressive track record of success within the automotive and industrial sectors and we look forward to watching Dayco grow through its partnership with HHCP.”
About Dayco, LLC (www.dayco.com)
Dayco is a global leader in the research, design, manufacture and distribution of essential engine drive systems and aftermarket services for automotive, truck, construction, agriculture and industrial applications. Through its expertise in transferring power quietly and efficiently, Dayco has emerged as the leading global system solutions provider for hybrid electric vehicles. Dayco’s 115+ years of experience in drive systems allows the company to equip all customer applications around the world with the most effective drive systems to meet customer specific performance requirements. Dayco’s world class global distribution network services the aftermarket industry with a full offering of kits and products to meet each local market’s need. Dayco accomplishes this with a dedicated global team that respects one another, shows humility through continuous learning and acts like owners in everything they do.
About Hidden Harbor Capital Partners (www.hh-cp.com)
Hidden Harbor Capital Partners is a private equity firm that helps create business success stories by building teams focused on execution. HHCP believes that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $700 million of equity capital and is investing out of its second fund, a $450 million vehicle.
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.
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