Daily News: May 3, 2019

Lawrence Financial Closes Six Deals Totaling More than $30MM in Q1/19

Los Angeles-based Lawrence Financial Group completed six transactions totaling more than $30 million in Q1/19.

Brief highlights of the transactions are:

  • $14 million for a Los Angeles-based contract manufacturer that services diverse clients including personal care companies, vitamin supplements and other OTC drugs. Founded in 1991, its primary products are fish oil and other non-prescription items. Retail customers include Costco, Walmart, and Trader Joe’s.
  • $8.5 million for a name-brand sunglass operation. Some items ar licensed such as hats, tee shirts, hoodies, etc. Founded in Orange County in 1994, it manufactures and distributes sunglasses and goggles for men and women.
  • $5 million for a San Diego based consumer product firm. Operating as a developer of new electronic technology the company both manufactures and wholesales its popular units.

Lawrence also arranged a term loan secured by inventory, a cash flow loan for a retailer and a real estate loan as part of a corporate debt restructure.