Livingstone Has Raised LBO Financing for Angeles Equity Partners

CHICAGO, July 27, 2021 /PRNewswire/ -- Livingstone is pleased to announce the successful LBO financing for Angeles Equity Partners ("Angeles") to support the platform acquisition of Xanitos, Inc. ("Xanitos" or the "Company"). Stellus Capital Management, LLC ("Stellus") provided the financing.

Founded in 2008 and headquartered in Pennsylvania, Xanitos is a specialized provider of environmental services ("EVS") to hospitals and other acute care settings nationwide. The Company is focused on helping to save lives by delivering high-quality on-site services such as EVS, linen distribution, laundry management, and patient transport to hospitals nationwide. Their proprietary systems and software, including the patented XRO® (Xanitos Room Optimization) cleaning system, allow Xanitos to deliver improved performance metrics, such as higher Hospital Consumer Assessment of Healthcare Providers and Systems ("HCAHPS") scores and reduced infection rates, at a compelling value to client hospitals. 

Tom Lesch, Partner at Livingstone, commented, "Speed and certainty are what sponsors are focusing on to close deals.  Our debt process is designed for that outcome. We are very pleased to have worked with Angeles on the transaction." 

"We are excited to have worked with Angeles on such an important transaction. As our firms overlap in key sector areas, we look forward to continuing to build upon our solid relationship with Angeles," stated David Misch, Partner and head of Private Equity coverage at Livingstone.

This transaction reinforces Livingstone's position as the debt advisor of choice for private equity sponsors, following successful financings for Aterian Investment Partners, Frontenac Capital, Huron Capital,  L Catterton, and RFE Investment Partners. 

About Livingstone Partners
Livingstone is an international mid-market M&A and debt advisory firm with offices in Beijing, Chicago, Düsseldorf, London, Los Angeles, Madrid and Stockholm. We have deep industry expertise, and extensive global coverage, with dedicated teams across our offices serving five segments: Business Services, Consumer, Healthcare, Industrial, and Media & Technology. Learn more online at www.livingstonepartners.com.

About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm's strategic, operational, and M&A capabilities. The Angeles skill set drives the firm's investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.

About Xanitos
Founded in 2008 by Graeme Crothall, Xanitos provides hospital housekeeping, patient transport, and linen services to hospitals and other acute care settings nationwide. Xanitos is differentiated by its XRO® System in which dirt, dust, and pathogens are removed from the hospital, creating a cleaner and safer environment. As a quality- and service-oriented company, Xanitos continues to apply the same principles of retaining and growing its team to retaining and growing its hospital partnerships. Xanitos' passion is helping to save lives and partnering with client hospitals to deliver the best possible environment of care for patients. Learn more online at www.xanitos.com.

Media contact:
Olga Jewusiak
[email protected] 
773-505-8315

SOURCE Livingstone Partners