Cyprium Partners Exits Successful Junior Capital Investment In Cloud Packaging Solutions
Des Plaines, IL – June, 2010 – Key Principal Partners Corp. (“KPP”), a $1 billion private investment firm, announced the realization of its junior capital investment in Cloud Packaging Solutions, LLC (Cloud) as a result of the sale of Cloud’s food and beverage packaging divisions to Ryt-Way Industries. Cloud (www.cloudps.com) is a leading niche contract packager serving the food and beverage, consumer, industrial, pharmaceutical and personal care end markets; the company also manufactures its own proprietary packaging equipment line.
KPP invested $16.5 million of subordinated debt in Cloud over the course of three investments, including two follow-on acquisitions that further diversified Cloud’s product capabilities and end markets. KPP originally invested $10 million in March 2005 to refinance the existing indebtedness at Cloud. In October 2007, KPP provided an additional $4 million to finance Cloud’s acquisition of Automated Packaging, Inc., a contract packager of bottled liquids. In September 2009, KPP invested $2.5 million to help the Company acquire Toll Packaging, a medium-speed contract packager.
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 invests between $10 million and $40 million to facilitate the growth, acquisition, refinancing, deleveraging or liquidity needs of private company owners and their management teams. KPP is headquartered in Cleveland, and has additional offices in Greenwich and San Francisco. For additional information, please visit www.keyprincipalpartners.com.