Cyprium Partners Exits Minority Investment In Imperial Bag & Paper Co. LLC
Cleveland, Ohio – July 31, 2012 — Cyprium Investment Partners LLC (Cyprium) announced today the realization of its investment in Imperial Bag & Paper Co. LLC (Imperial). Imperial (www.imperialbag.com) is a leading wholesale distributor of paper and plastic packaging and janitorial supplies sold to the food service industry and retailers nationwide.
Cyprium invested $12 million in subordinated debt while backing Robert Tillis’s acquisition of Imperial in January 2007. During Cyprium’s investment period, Imperial grew over 159% to $275 million in sales operating from over 500,000 square feet of warehouse space in Bayonne, NJ and Long Island, NY. Cyprium was instrumental in assisting with the growth of Imperial, which came through both geographic and channel expansion as well as three acquisitions completed during its holding period.
About Cyprium Partners
Cyprium Investment Partners LLC is a private equity firm focused primarily on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland and New York, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies that have $8 million or more of EBITDA. Investors include pension funds, insurance companies, fund-of-funds, family offices and entrepreneurs who the firm has backed in previous investments. Learn more about Cyprium Partners at www.cyprium.com