Cyprium Partners Announces Exit From Jonathan Engineered Solutions

CLEVELAND, OH – July 30, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, today announced that the firm has successfully exited its investment in Jonathan Engineered Solutions (JES). In 2004, KPP provided $14 million of senior subordinated debt with warrants and $2.5 million in common equity to support Industrial Growth Partners’ (IGP) acquisition of JES.

JES, headquartered in Irvine, CA, is the leading manufacturer of customized steel and aluminum slides utilized in commercial and industrial applications. The company’s custom slide mechanisms are used to satisfy a variety of needs, including the mounting of computer servers and storage systems, defense industry applications and a variety of consumer product applications. The Company’s growth has been driven by the relationships it has built with a variety of OEMs that require its unmatched ability to manufacture high quality slides in low order quantities at very competitive price points.

KPP provided strategic counsel to JES throughout its investment in the company. During this time, the Company’s manufacturing facility in Mexicali, Mexico was restructured to improve its operational efficiencies and JES also was able to increase its Asia sourcing capabilities.

“We were pleased to lend our expertise and support to IGP in a very successful transaction,” said Tim Fay, Managing Partner of KPP’s San Francisco office. “Together, we worked well with the management team at JES to further the evolution of the company through manufacturing improvements and low-cost country sourcing.”

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. KPP’s flexible approach to structuring investments does not require control of companies. KPP has over $1 billion in capital under management and can invest $7 million to $40 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, and has offices in Greenwich and San Francisco. For additional information, visit:

About KeyCorp

Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $92 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

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