MSD Performance Gets Nod For $78M Sale To PE Firm

Law360, Wilmington (November 26, 2013, 3:21 PM EST) -- A Delaware bankruptcy judge on Tuesday gave auto parts maker MSD Performance Inc. the green light for a $78 million sale to a unit of Z Capital Partners LLC, the private equity firm that acquired a majority of MSD's secured debt earlier this year.

MSD Performance had been unable to seal a deal with Z Capital in 2012 and initially faced resistance to a sale in Chapter 11, but the PE firm's current offer met with no opposition Tuesday and won the blessing of U.S. Bankruptcy...
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