In some ways, Cleveland–based lower middle market LBO shop Key Principal Partners is like a mini–American Capital Strategies. (In many, many ways it is not.) But both firms are capable of one–stop financing for deals, have seen a resurgence of interest in their mezzanine offerings, and are flexible to do a variety of transactions. I…
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Cyprium Partners Invests $23.5 Million Investment In AMPAM Parks Mechanical
San Francisco, CA – April 24, 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 $23.5 million non–control investment in AMPAM Parks Mechanical, Inc., to facilitate the company’s growth. AMPAM Parks Mechanical, Inc., headquartered in Wilmington, California,…
Hands-off Investing: Greater difficulty in executing deals, lethargic credit market may drive private equity to non-control investments
By Jonathan Marino April 1, 2008– Mergers & Acquisitions Cleveland, OH – Credit markets have spent months in the toilet, cramping efforts from PE shops to source and close deals. But the turmoil has also taken its toll elsewhere – on companies themselves, who now struggle to find the long-term, non-control financing necessary to keep…
Despite slowdown, private equity climate still healthy
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…
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…