Starting a debugging session with Flexlm lmgrd and a vendor specific daemon

Hi all,
I use Olly for my 'debugging purposes'.
I have a vendor specific daemon launched by lmgrd.
I'd like to attach the debugger to the vendor specific
daemon before it must be restarted. (In other words
as soon as possible, when it is spawned from lmgrd).
Is there a procedure to manage this issue?
Please, note that I can't simply debug the vendor specific daemon
directly as it NEEDS lmgrd to start correctly.
If someone could explain what happens after lmgrd executes the vendor
specific daemon, and why the daemon must be started from lmgrd,
should help.

Thanks to all and cheers.

Z.