Private equity firm Z Capital Partners LLC has acquired automotive parts provider MSD Performance Group out of bankruptcy.

Terms of the deal remain undisclosed.

Z Capital facilitated the deal through its portfolio company Hot Rod Brands.

MSD Performance provides aftermarket vehicle parts to drag racing enthusiasts and hot rod manufacturers. The El Paso, Texas-based company filed for Chapter 11 bankruptcy protection on Sept. 6, citing a liquidity crunch.

At the time of the filing, the company listed debts that included a $102.5 million term loan, as well as about $4.6 million in trade debt and nearly $1 million left outstanding on a noncompete agreement with a consultant from a previous acquisition. MSD Performance also reported assets of roughly $50 million to $100 million and debts of $100 million to $500 million in its bankruptcy petition.

Law firms Jones Day and Richards Layton & Finger provided legal counsel to MSD Performance.

For more coverage on the automotive aftermarket, see “Winners of the Auto Aftermarket” and “Jalopy Deals Remain Hot.”

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