Cleveland, OH – Key Principal Partners (KPP), a $1 billion private equity firm, announced today an investment of $6.5 million in senior subordinated debt and preferred equity in Anomatic Corporation, Inc. The investment was made to facilitate Anomatic’s recapitalization by Brookstone Partners LLC, a New York-based private equity firm. The company’s current management team will maintain their roles and will continue to have a significant ownership position in the company.
Headquartered in Newark, Ohio, Anomatic is the leading provider of high-volume anodized aluminum components to global packaging companies serving the cosmetics industry. In addition to its core anodizing services, the company provides value-added ancillary services such as metal stamping, decorating and assembly to meet the worldwide needs of its customers.
“Anomatic represents an ideal investment for KPP,” said John Sinnenberg, CEO of KPP. “As a market leader with extremely strong customer relationships, Anomatic is positioned to continue its growth trajectory and KPP – working with Brookstone and management – plan to facilitate the company’s entry into China in the near future.”
As part of the transaction, National City Bank provided a senior term loan and a revolving credit facility.
About Key Principal Partners
Key Principal Partners (KPP) is a nationally recognized private investment firm providing capital to middle market companies throughout North America. KPP utilizes mezzanine and equity capital to fund the growth, buyout, refinancing or acquisition of profitable companies. In addition, KPP provides liquidity to shareholders of privately held stock. Distinctively, KPP’s flexible approach to structuring investments does not require control of companies. KPP has approximately $1 billion in capital under management and can invest $5 million to $25 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, a $90 billion financial services firm and has offices in Boston, Greenwich and San Francisco. Visit us at www.keyprincipalpartners.com.
About Brookstone Partners
Brookstone Partners is a New York-based private equity firm that seeks to acquire companies or invest in growth equity situations in the middle market. The firm generally targets opportunities to invest in or acquire companies ranging in value from $10 to $75 million and which require $3 to $15 million in equity. Brookstone’s strategy is to invest in companies that offer significant opportunities for value creation through internal growth, strategic acquisitions and improvements in operating performance. One of the firm’s strengths is the ability to invest for the long term.