Livingstone puts finishing touches on a syndicated bank group for Lapmaster Wolters

Livingstone’s Debt Advisory team is pleased to announce it has raised acquisition financing for Lapmaster Group Holdings LLC (“Lapmaster”).  Bank of America, N.A., MB Financial Bank, N.A., and First Bank of Highland Park provided the financing for the transaction.

Livingstone acted as the exclusive financial advisor to Lapmaster.  Terms of the deal were not disclosed. Lapmaster designs and manufactures high-precision grinding, polishing, and finishing equipment through its operations in North America, Europe, and Asia. The acquisition, which was Lapmaster’s third European acquisition in the past three years, further bolsters Lapmaster’s global reach, product line and customer base.

Livingstone executed a market-clearing financing process and secured a debt structure led by Bank of America.  The facilities provided Lapmaster the liquidity needed to conduct its global operations and fund the acquisition.

Lapmaster’s CEO Brian Nelson commented, “Livingstone delivered trusted financing partners in Bank of America, MB Financial and First Bank of Highland Park that not only appreciate our company’s global footprint, but also understand and are comfortable with our strong industry position and primary end markets.”

Tom Lesch, head of Livingstone’s Debt Advisory practice noted, “This transaction is a great example of how Livingstone’s global reach can assist clients through complex, cross-border acquisitions while also ensuring our clients receive the best terms and pricing the market will bear.”

Lapmaster marks Livingstone’s ninth debt advisory transaction in the last twelve months, following on the successful refinancings of Afni by Regions Bank, Amware Fulfillment by Capital Southwest Corporation and Avante Mezzanine Partners, and the recent acquisition financing for TriEnda Holdings by JP Morgan Chase Bank and White Oak Global Advisors.