Daily News: August 30, 2016

Livingstone Advises on Rotunda Capital Portfolio Refi


Livingstone, a mid-market M&A and debt advisory firm, announced the refinancing of Amware Fulfillment, a portfolio company of Rotunda Capital Partners. First and second lien capital was supplied by Capital Southwest and Avante Mezzanine Partners, respectively.

Amware provides value-added customized warehousing and fulfillment solutions to small- and medium-sized businesses across the U.S. With clients across a range of industries, Amware is a logistics provider to both the business-to-consumer (B2C) and business-to-business (B2B) segments.

John Fruehwirth, managing partner at Rotunda Capital commented on Livingstone’s access to lenders across the middle market: “Given Rotunda’s collective experience of doing deals in the middle market, we have always felt that we had a good handle on the debt markets. In this transaction however, we relied on Livingstone to gain access to new pockets of capital and provide real-time knowledge of other transactions in the marketplace to source a stable capital structure that allows Amware to execute our growth plans.”

Tom Lesch, Livingstone’s debt advisory partner, added, “The sheer amount of financing solutions across the middle market is astounding. With so many options available, financial sponsors increasingly look to Livingstone to run a thorough process that secures financing solutions customized appropriately to their complex transaction needs.”

Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle market companies.

Livingstone’s dedicated Debt Advisory team provides a broad range of fixed income services to domestic and international clients, including corporations and financial sponsors around the world.