Babson Capital Management announced it served as a mandated co-lead arranger of senior secured credit facilities to support Kinderhook Industries’ acquisition of Bestop.

The financing, which includes a revolving credit facility and a term loan facility, supports Kinderhook’s purchase of Bestop from Magna International and provides additional working capital.

Louisville, CO-based Bestop has been a supplier of original equipment and aftermarket products and accessories for Jeeps for more than 50 years.

“Babson values its relationship with Kinderhook and we look forward to working with them again in the future,” said Brian C. Baldwin, managing director in Babson’s U.S. Middle Market Lending Group. “We are excited about the opportunities for Bestop to grow organically and through acquisition, by leveraging its leading market position and premium brand as well as Kinderhook’s resources and extensive experience in the automotive aftermarket.”

Kinderhook Industries is a private equity firm with over $1.25 billion of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals.

Babson Capital Management is a leading global asset management firm with over $218 billion in assets under management as of June 30, 2015.