Advises on the Refinancing of Logistics Portfolio Company Amware
Livingstone’s Business Services sector team advised Amware Fulfillment, LLC, a portfolio company of Rotunda Capital Partners, on the refinancing of the business by Capital Southwest Corporation and Avante Mezzanine Partners.
Amware provides customised warehousing and fulfillment solutions to small and medium sized businesses across the US. With clients across a range of industries, Amware has gained a reputation as a leading logistics provider to both the Business-to-consumer and Business-to-business segments. The company has a combined 1.6m square footage of warehouse space in six locations across the US.
John Fruehwirth, Managing Partner at Rotunda Capital commented on Livingstone’s access to lenders across the mid-market: “Given Rotunda’s collective experience of doing deals in the mid-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 sector insight to source a stable capital structure that will enable Amware to execute our growth plans.”
Tom Lesch, Debt Advisory Partner at Livingstone, added: “The sheer amount of financing solutions across the mid-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.”
Amware marks the fifth transaction for Livingstone’s global Debt Advisory team in 2016. The Amware transaction is the latest example of financial investors engaging Livingstone’s Debt Advisory practice. Other recent transactions include: Eaton House MBO backed by Sovereign Capital, Pricoa’s investment in The Gap Partnership, and the recapitalisation of Spectralink, an affiliate of Sun Capital Partners.