Monroe Capital has provided a USD37.1 million unitranche facility and an equity co-investment to support the acquisition of LAI International by RLJ Equity Partners.
LAI International is a provider of comprehensive precision engineered finished parts, components and subassemblies for aerospace, power generation, defence, medical, electronics and other advanced technology industries. The company’s best-in-class manufacturing solutions are essential to the performance of airframes, aircraft engines, gas turbines, defence systems and other mission-critical applications.
Rufus Rivers, Managing Director of RLJ Equity Partners, says: “Monroe Capital demonstrated their ability to provide flexible capital as our capital structure was modified during the due-diligence process. The unitranche facility was the perfect financing solution to enable us to successfully complete our acquisition. We look forward to executing our business plan with the continued support of Monroe Capital.”
