Funding Helps Motorsport Buy 2 Firms

Motorsport Aftermarket Group Inc. in Yorba Linda picked up $39 million in private funding from a loan and the sale of stock and debt securities, its financial advisor said Monday.

Motorsport used the financing to acquire two companies in the motorcycle aftermarket parts industry, said Prudential Capital Group, which arranged the financings.

Prudential, based in Newark, N.J., and part of Prudential Insurance Co. of America, said the private placement consists of $32 million in two issues of debt securities, $5 million in a credit arrangement and $2 million in equity.

Neither Prudential nor the company said what operations were acquired. Motorsport was created by Duff Ackerman & Goodrich L.P., a San Francisco private equity firm, as a holding company to acquire companies in the motorcycle aftermarket parts industry.