Crain’s Cleveland Business Journal BYLINE: KATHY AMES CARR Cleveland, OH – February 4, 2008 – While the nation’s private equity industry faces uncertain times in the face of a credit crunch that squashed some activity in mid–2007, some local firms say they are cautiously optimistic and remain relatively unaffected by the crisis that’s wreaking havoc…
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Cyprium Partners Invests $15 Million in QPM Aerospace
Cleveland, OH – January 16, 2008 – Key Principal Partners® (“KPP”), a $1 billion private equity and mezzanine firm which makes both non-control and control investments in growing middle-market companies, announced a $15 million subordinated debt with warrants investment in QPM Aerospace, Inc. (“QPM”) to support the company’s growth strategy, facilitate a dividend recapitalization and…
Cyprium Partners Invests $8 Million in Gourmet Boutique LLC
Cleveland, OH – January 9, 2008 – Key Principal Partners® (“KPP”), a $1 billion private equity and mezzanine firm which makes investments in growing middle-market companies, announced today an investment of $8 million in Gourmet Boutique LLC to facilitate its continuing growth. Headquartered in Jamaica, New York, Gourmet Boutique is a USDA-approved manufacturer of high…
Fundless Sponsors: What They Can Bring to Middle Market Transactions
No Firm Commitment By Phil Curatilo and Beth Haas November 19, 2007 A tightening credit market and ever–increasing deal competition is driving private equity firms to secure investment opportunities from alternative sources. In this environment, fundless sponsors have emerged as another option for middle–market, committed capital funds. Fundless sponsors (aka independent sponsors) are groups with…
Cyprium Partners Invests $40 Million in Western Express, Inc.
Cleveland, OH – October 30, 2007 – Key Principal Partners (KPP), a $1 billion private equity and mezzanine firm, announced today an investment of $40 million in subordinated debt in Western Express to facilitate its acquisition of Smithway Motor Xpress. “We’re very pleased to assist Western Express in its acquisition of Smithway,” said Leland Lewis,…
Cyprium Partners Announces Exit from Big Rock Sports, LLC
Cleveland, OH – October 17, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, today announced that it has sold its investment in Big Rock Sports, LLC, to members of the Company’s management team and Bison Capital Asset Management, LLC. KPP invested $13.1 million in subordinated debt and common stock to facilitate…
Cyprium Partners Announces Appointment of Nicholas A. Stone as Director
San Francisco, CA – August 27, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, announced today that the firm has hired Nick Stone as Director, in charge of West Coast business development. He will be based in the San Francisco, California office of KPP. “We’re very pleased to announce that Nick…
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’…
Cyprium Partners Promotes Daniel Kessler to Vice President
CLEVELAND, OH – July 2, 2007 – Key Principal Partners (KPP), a $1 billion private equity and mezzanine firm, today announced the promotion of Daniel Kessler to Vice President. Mr. Kessler is based in Cleveland, OH and has been with the firm since 2001. “Dan has been an exceptional asset to our team for the…
Cyprium Partners Announces Second Investment in Anomatic Corporation, Inc.
Investment Made to Facilitate Operations in China CLEVELAND, OH – June 11, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, today announced a $5.0 million investment in Anomatic Corporation to support the refinancing of senior debt and complete its manufacturing facility in China. The facility is planned to be fully operational…
