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…
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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…
Key Eyes Cleaning Co. Expansion
By John Sinnenberg April 16, 2007 Key Principal Partners has just drawn up a list of at least 10 possible add–on acquisitions for Kellermeyer Building Services, a commercial cleaning service company. In February, the firm took a $36 million non–controlling interest in the company, helping Kellermeyer’s management acquire the business from CIVC Partners. How many…
5 Questions With…Leland Lewis, Managing Partner, Key Principal Partners
By Leland Lewis 1. You just bought MC Assembly Inc., an electronic manufacturing outsourcer based in Florida. What is attractive about electronic manufacturing? The market for outsourced manufacturing of electronic products is at $130 million to $140 million a year globally, and growing. More and more electronics companies are deciding that putting together electronic products…
The Evolution of Second Lien Lending and Its Impact on Mezzanine Capital
Will 2007 Be the Year of Mezzanine Financing? Second lien loans have enjoyed surging popularity in recent years, while more traditional mezzanine structures have been sidelined. Could rising interest rates and a cooling economy signal an upcoming resurgence for mezzanine financing? By Cindy Babitt and Beth Laschinger March 1, 2007 The Evolution of Second Lien…
Cyprium Partners Announces $36 Million Investment in Ohio’s Kellermeyer Building Services, LLC
CLEVELAND, OH – February 22, 2007 – Key Principal Partners (KPP), a $1 billion private equity and mezzanine firm, announced today an investment of $36 million in subordinated debt and preferred equity in Kellermeyer Building Services. The transaction was made to facilitate the management buyout of the company. As part of the transaction, Kellermeyer’s existing…
Cyprium Partners Completes Acquisition of MC Assembly
CLEVELAND, OH – February 21, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, announced today that it has acquired majority ownership of MC Assembly, a leading provider of electronic manufacturing services. KPP has been an investor in MC Assembly since 2003. “We’re pleased that our involvement with MC Assembly will help…