Hidden Harbor Capital Partners (“Hidden Harbor”), together with other PE funds and   international financial institutions, recently acquired Dayco, LLC (“Dayco”), a 115-year-old world leader in engine drive systems and aftermarket services. Grandall served as the PRC counsel to Hidden Harbor, with Mr. Kevin Qian, General Counsel of International Development & Foreign Affairs, leading the Grandall team. 

The deal, which attracted global media attention for its size, covered Dayco's 40-plus offices in 22 countries and more than 3,600 employees across the world. The purchaser, Hidden Harbor, is a private equity firm focused on the integration and transformation of large industries such as electromechanical systems, chemical engineering, plastic engineering, supplies, papermaking and food ingredients. Seller Dayco is a global leader in the research, design, manufacture and distribution of essential engine drive systems and aftermarket services.

Grandall's professional services covered due diligence, review of global transaction documents, responses to questions and opinions raised by foreign lawyers, and issuance of legal opinions. Despite the tight schedule, Grandall's lawyers closely cooperated with each other, and finally helped the client complete the acquisition in a successful and remarkable manner.

The Grandall team was led by Mr. Kevin QIAN. Its key members included: Molly QIN, Joanne CHENG, Simon FANG and Jacqueline CAI (partners of Grandall Shanghai), Jianxiang HAN and Feng YU (partners of Grandall Suzhou), and Qin DAI (partner of Grandall Guiyang). In addition, Tiffany SHEN, Lv GAO, Liangqin HONG and Zufeng LU, lawyers of Grandall Shanghai, offered professional support in their respective specialized areas. Grandall lawyers' professionalism and unity have been highly regarded by the client.