Rotunda Capital Partners has closed its refinancing of portfolio company Amware Fulfillment, a provider of customized warehousing and fulfillment solutions for small and medium-sized businesses in the U.S. No financial terms were disclosed. Livingstone served as adviser on the transaction. Capital Southwest Corp and Avante Mezzanine provided the financing.
Chicago, August 29, 2016 – Livingstone, an international mid-market M&A and debt advisory firm, is pleased to announce the refinancing of Amware Fulfillment, LLC (“Amware” or “the Company”), a portfolio company of Rotunda Capital Partners (“Rotunda”). First and second lien capital was supplied by Capital Southwest Corporation (Nasdaq: CSWC) and Avante Mezzanine Partners, respectively.
Amware provides value-added customized warehousing and fulfillment solutions to small and medium sized businesses across the United States. With clients across a range of industries, Amware has gained a reputation as a leading logistics provider to both the business-to-consumer (“B2C”) and business-to-business (“B2B”) segments.
The Company boasts a combined 1.6M square footage of warehouse space in six locations across the U.S. Additionally, the Company is led by a seasoned management team with decades of experience.
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.”
Amware marks the fifth transaction for Livingstone’s global Debt Advisory team in 2016. The Amware transaction is the latest example of financial sponsors engaging Livingstone’s debt advisory practice. Other recent clients include Sun Capital Partners, Calvert Street Capital Partners, Brockway Moran and MML Capital Partners.
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, specialty finance and business services. Since 2009, Rotunda Capital has completed nine platform investments and realized three exits.
Livingstone Debt Advisory
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. With an extensive global footprint, Livingstone has expertise and execution capabilities in a variety of products and cross-border situations. As an independent investment bank not affiliated with any financial lending institutions, Livingstone is uniquely positioned to objectively arrange the most borrower-friendly capital structures for clients. The firm specializes in a variety of security types (Senior Bank Debt, Junior Secured Debt, Mezzanine Debt, and Convertible Debt) to support leveraged buyouts, management buyouts, refinancing, and balance sheet recapitalizations.