Cyprium Partners Announces Four Promotions

Cleveland, OH – March 11, 2009– Key Principal Partners Corp. (KPP), a $1 billion private equity and mezzanine firm that makes both non-control and control investments in growing middle-market companies, announced the promotions of Dan Kessler and Beth Laschinger to Principal, and Jon Leffers and Mike Mayon to Associate. Mr. Kessler and Ms. Laschinger are based in Cleveland, OH. Mr. Leffers is based in Greenwich, CT and Mr. Mayon is based in San Francisco, CA.

“Dan, Beth, Jon and Mike are exceptional professionals and we’re pleased to announce their promotions,” said John Sinnenberg, Chairman of KPP. “We’re well-positioned in this market due to our flexible capital structure and ability to make both non-control and control investments of mezzanine and equity capital, and these promotions are a reflection of expected market opportunity for KPP in 2009 and beyond.”

Mr. Kessler joined KPP in 2001 from GlobalStreams, Inc., a developer of streaming media management software, where he served as Vice President. Prior to GlobalStreams, Mr. Kessler spent five years at PricewaterhouseCoopers where he was a Manager in the M&A Transaction Services group. He is a Director of Gourmet Boutique, Kellermeyer Building Services and MC Assembly Holdings; in addition, Mr. Kessler is a board observer for Anomatic Corporation, Imperial Bag and Paper Company, Kan-Pak and OAO Technology Solutions. He is a Certified Public Accountant and received his M.B.A. from the University of Chicago and his B.S. in Accounting from Indiana University.

Prior to joining KPP in 2000, Ms. Laschinger was an Associate in the Investment Banking division of McDonald Investments, Inc. While at McDonald Investments, she was actively involved in the completion of a variety of corporate finance transactions including private equity offerings, mergers and acquisitions, private placements and fairness opinions. She has also served as an analyst at Carlton, McCreary, Holmes & Co. Ms. Laschinger is a Director of Plastival and ATIS Group; she also is a board observer for EPIC Technologies and Trantech. Ms. Laschinger received her M.B.A. from the Wharton School of the University of Pennsylvania and her B.A. degree from Dartmouth College.

Mr. Leffers joined KPP in 2005 from Wasatch Venture Fund, a Salt Lake City-based venture capital firm, where he was responsible for analyzing early-stage investment opportunities in the information technology, biotechnology, records management and biometric markets. Mr. Leffers also held positions at University Venture Fund, Gateway Computers and the United Parcel Service. Mr. Leffers is a Director of Alpha Sintered Metals, Inc. He received a B.S. in Finance and Management from the University of Utah.

Mr. Mayon was previously an Analyst in the Natural Resources Investment Banking Group of Banc of America Securities before joining KPP in 2006. While with BAS, Mr. Mayon completed a number of debt and equity offerings for publicly traded domestic and international firms. He was also an Analyst with Growth Capital Partners, an investment and merchant banking firm in Dallas, TX. Mr. Mayon is a board observer for QPM Aerospace and Sagus Acquisition Corp. He received a B.B.A in Financial Consulting and a B.A. in Biological Sciences from Southern Methodist University.

About Key Principal Partners

Key Principal Partners (KPP) is a $1 billion private investment firm that provides expansion capital to profitable middle-market companies with at least $30 million in revenue. The firm has the flexibility to provide any combination of subordinated debt, preferred equity and/or common equity in either non-control (minority ownership) or control (majority ownership) positions. KPP can invest between $10 million and $40 million to facilitate the growth, acquisition, refinancing, deleveraging or liquidity needs of private company owners and their management teams. Affiliated with KeyCorp, KPP is headquartered in Cleveland, and has additional offices in Greenwich, and San Francisco.

About KeyCorp

Cleveland–based KeyCorp is one of the nation’s largest bank–based financial services companies, with assets of approximately $97 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. For more information, visit

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