MidOcean Partners closes $300 million continuation vehicle for Cloyes Gear and Products

The new vehicle, led by Hamilton Lane, enables extended ownership, fresh capital for Cloyes, and flexible liquidity options for existing MidOcean investors

MidOcean Partners, a New York-based private equity firm, has announced the closing of a single-asset continuation vehicle for Cloyes, a North American manufacturer and distributor of timing drive systems and engine components for original equipment manufacturers and the automotive aftermarket that it acquired in 2022.