M-D Building Products Inc. provides essential weatherproofing products for residential homeowners—basic DIY offerings that help position the company itself to be somewhat impervious to economic fluctuations in the broader economy.
Non-Control Capital
Cyprium Partners Announces New Investment in Irvin Automotive Products, Inc.
Cleveland, Ohio: Cyprium Partners, a non-control private equity firm, is pleased to announce its new subordinated debt and equity investment in Irvin Automotive Products, Inc. (Irvin). The investment was used to facilitate an acquisition of the business by Detroit entrepreneur Vinnie Johnson from Takata Corporation. Irvin will operate separate from Piston Group, another automotive business owned by Mr. Johnson, and will continue to be run by Irvin’s current management team led by Joseph Finn. This investment was the twelfth transaction from the firm’s Cyprium Investors IV fund, which closed in December 2014.
Cyprium Partners Announces New Investment in Paper Machinery Corporation (PMC).
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.
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…
Selection Bias – All Capital Is Not Created Equal
Cyprium Capital Markets Perspectives By John Sinnenberg, Chairman, Cyprium Partners My colleagues and I came together seventeen years ago to form the core investment team of Cyprium Investment Partners. Our guiding investment philosophy since our founding has been to make long-term, illiquid, non-controlling investments directly alongside entrepreneurs and families to facilitate the continued growth of…
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…
