Growing Debt Advisory Practice Sources Financing for Portfolio Company Spectralink.
Livingstone’s Debt Advisory team has advised on the recapitalisation of Mobile Devices Parent Holdings, LLC (d/b/a “Spectralink”), an affiliate of Sun Capital Partners, Inc. The Private Bank & Trust Co. provided the financing to support Sun Capital’s investment in Spectralink.
Spectralink is a global provider of on-site enterprise wireless communication devices including wireless handsets, infrastructure, accessories–using Wi-Fi, Digital Enhanced Cordless Telecommunications (“DECT”), and proprietary wireless networks. The company integrates into customers’ core communication infrastructure and delivers critical communications solutions to enterprises in sectors that employ mobile employees, including Healthcare, Retail, Hospitality, Warehousing, and Manufacturing industries. Headquartered in Boulder, Colorado, Spectralink’s products are sold internationally through distributors, OEMs and direct channels.
“Livingstone was quick to understand Spectralink’s operations and secured an excellent result for the company, providing management with the right capital structure to execute on its strategic plans.” said Kurt Lentz, Principal at Sun Capital.
Sun Capital is the latest PE investor to appoint Livingstone’s Debt Advisory team to source a customised financing solution for a portfolio company. Last month, Livingstone secured an expanded credit facility for Premium Inspection & Testing Inc., a portfolio company of Calvert Street Capital Partners; while Livingstone’s London team raised acquisition financing for CLEAN, a portfolio company of MML Capital Partners.
“The vast amount of financing sources lending today makes it highly efficient for investors to outsource capital raising to debt specialists who maintain constant contact with the broad market. Additionally, investors also realise many transactions are unique and complex, making them difficult to finance. Transactions that involve customer concentrations, overseas earnings, or out of favor sectors are exceptionally difficult. However, with an international reach and consistent deal flow, Livingstone has built a strong track record of closing these complex deals on the best terms.” commented Tom Lesch Livingstone’s Debt Advisory Partner.
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- “Livingstone was quick to understand Spectralink’s operations and secured an excellent result for the company, providing management with the right capital structure to execute on its strategic plans.”Kurt Lentz, Principal, Spectralink