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Angeles Equity Partners has acquired UGN

by / Tuesday, 22 March 2016 / Published in Press Release

Lincoln International LLC secures financing commitments to support Angeles Equity Partners, LLC’s acquisition of an automotive acoustic solutions business from UGN, Inc.

Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, announced the successful completion of a financing in support of Angeles Equity Partners, LLC’s (“AEP”) acquisition of UGN Inc.’s automotive acoustic solutions business based in Chicago Heights, Illinois. The company, which will operate under the name Applied Acoustics International (“AAI”), is a leading Tier 1 provider of sound barrier and noise dampening products to the North American automotive industry.

Lincoln acted as the exclusive debt placement agent to AEP in connection with securing debt financing commitments in support of the acquisition of Applied Acoustics International, which consisted of a senior credit facility provided by Zions Bank. In addition to partially funding the acquisition, the credit facility will be used to support AAI’s strategic growth plans and fund ongoing working capital requirements.

As AEP’s exclusive debt placement agent, Lincoln worked closely with the firm to structure, arrange and negotiate the financing. Jordan Katz, Co-founder and Managing Partner of AEP, commented, “We are very pleased with the outcome of Lincoln’s debt raising process. By partnering with Lincoln, we were able to focus our time and energy on the operational aspects of the M&A transaction and our due diligence efforts, while Lincoln helped us secure a highly attractive financing solution that provided us with the debt capital needed to close the acquisition and to support AAI’s future growth.”

About Angeles Equity Partners
Based in Los Angeles, AEP is a private equity firm that invests in companies across a wide range of industrial sectors and specifically targets businesses which it believes can directly benefit from the firm’s deep expertise in operational transformation and strategic repositioning. This skill set drives the firm’s investment philosophy and, in its view, can help underperforming businesses reach their full potential. For more information, please visit www.angelesequity.com.

About Applied Acoustics International
AAI is a leading Tier 1 supplier of essential noise, vibration and harshness (“NVH”) solutions to blue-chip OEMs in the North American automotive market. Based in Chicago Heights, Illinois, AAI occupies a leading market position within the NVH industry, specializing in damper and EVA barrier materials. For more information, please visit www.aainvh.com.


About Lincoln International

Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

More information about Lincoln International can be obtained at www.lincolninternational.com
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