Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt investment in Paper Machinery Corporation (PMC). The capital was used to facilitate an acquisition of the business by a newly formed Employee Stock Ownership Plan (ESOP) from the Baumgartner family. The selling shareholders, Donald Baumgartner and John Baumgartner, will continue to serve on the company’s board of directors.
Mezzanine Debt
Cyprium Partners Announces New Sponsorless Mezzanine Investment in Bensussen Deutsch & Associates, LLC (BDA)
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new sponsorless mezzanine investment and commitment in Bensussen Deutsch & Associates, LLC (BDA). This investment was the eleventh transaction from the firm’s Cyprium Investors IV fund, which closed in December 2014.
Baumgartners turn over Paper Machinery to surprised employees
By Rick Barrett of the Journal Sentinel A family with some of Milwaukee’s deepest manufacturing roots has decided to turn its company over to the people it credits most for its success. The families of Donald Baumgartner and his son, John, owners of Paper Machinery Corp., handed the 65-year-old Milwaukee company over to stunned employees…
Cyprium Partners Announces New Preferred Equity and Subordinated Debt Investment in Weaber, Inc.
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce a preferred equity and subordinated debt investment in Weaber, Inc. The capital was used to facilitate the acquisition of the company by third generation President and CEO, Matthew G. Weaber. This investment was Cyprium’s sixth transaction from its Cyprium Investors IV fund, which closed in December 2014.
Cyprium Partners Announces New Sponsorless Mezzanine Investment in M-D Building Products
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new sponsorless mezzanine investment in M-D Building Products. The capital was used to refinance existing indebtedness and to fund the company’s growth. This investment was Cyprium’s fifth transaction from its Cyprium Investors IV fund, which closed in December 2014.
Cyprium Partners Announces New Sponsorless Mezzanine Investment in B.J. Alan Company
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new sponsorless mezzanine investment in B.J. Alan Company, dba Phantom Fireworks. The capital was used to refinance existing indebtedness and to fund continued growth. This investment was Cyprium’s fourth transaction from its Cyprium Investors IV fund, which closed in December 2014.
The Minority Recapitalization: Maximizing shareholder value while retaining economic control
A Minority Recapitalization (Recap) is a viable liquidity alternative for company owners. However, Cyprium has frequently observed that business owners lack the market awareness that would enable them to develop an appreciation for the prospective benefits of a Minority Recap option. Just as important, many issuers are oftentimes unaware of the flexibility that junior capital…
Cyprium Partners Announces New Subordinated Debt Investment in Hobbico.
Cyprium Partners has completed a new subordinated debt investment in Hobbico with the proceeds used to refinance the company’s existing indebtedness and for the ongoing growth of the business. It was Cyprium’s second investment in the company since 2010 and was made out of the firm’s Cyprium Investors IV fund.
Cyprium Partners Hires Private Equity Industry Veteran Ted Laufik as Chief Financial Officer and Chief Compliance Officer
Cyprium Partners hires private equity industry veteran Ted Laufik as its new Chief Financial Officer and Chief Compliance Officer. Mr. Laufik’s previous experience includes executive positions with Morgenthaler; Resilience Capital Partners; and Deloitte, LLP.