Monomoy Picks Up Auto Parts Maker From Sun Capital

Law360, New York (March 5, 2012, 4:11 PM EST) -- Middle-market private equity firm Monomoy Capital Partners LP has acquired an Indiana auto parts manufacturer from private equity firm Sun Capital Partners Inc. and combined it with another Indiana-based Monomoy portfolio company, both firms said Monday.

Monomoy said it had acquired Crawfordsville, Ind.-based Raybestos PowerTrain LLC, which makes and supplies transmission-related products for the auto and construction industries, from Boca Raton, Fla.-based Sun Capital. The firm combined Raybestos with Tipton, Ind.-based Steel Parts Manufacturing Inc. as part of its growing global transmission component platform, it said....
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