CLEVELAND, OH – January 29, 2007 – Key Principal Partners (KPP), a $1 billion private equity and mezzanine firm, today announced the promotions of four senior professionals: Cindy Babitt was promoted to Partner; Beth Laschinger and Sean Mooney were promoted to Vice President; and Dan Kessler was promoted to Senior Associate. Ms. Babitt, Ms. Laschinger…
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Cyprium Partners Announces Appointment of Philip Curatillo as Principal
GREENWICH, CT – January 22, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, announced today the appointment of Philip Curatilo as Principal, responsible for East Coast business development. He will be based in Richmond, Virginia and affiliated with the Greenwich, CT office of KPP. “We’re very pleased to announce that Phil…
Cyprium Partners Invests $12 Million in Imperial Bag & Paper Co. LLC
CLEVELAND, OH – January 12, 2007 – Key Principal Partners (KPP), a $1 billion private mezzanine and equity firm, announced today a subordinated debt and equity investment of $12 million related to the acquisition of Imperial Bag & Paper Co. LLC (Imperial) by Robert I. Tillis and management. Imperial, based in Bayonne, NJ, is a…
Self-Control
The Deal September 18, 2006 Tough decisions loom in the distance for entrepreneurs aged 50 and older. As retirement nears, the pressures of maintaining their businesses and planning for their future increase, and questions of “what next?” abound. Characteristic of baby boomers, this generation is hesitant to relinquish control of the companies they’ve spent years…
Cyprium Partners buys majority of Plastival
Plastics News By Matt Griswold August 21, 2006 Key Principal Partners LLC bought a controlling interest in Laval, Quebec-based vinyl profile extruder Plastival Inc., the private equity firm announced Aug. 15. Terms were not disclosed. Plastival is a $37 million manufacturer of vinyl fence and railing products. The company has extrusion facilities in Laval and…
Cyprium Partners sells packaging company
The Deal By Kelly Holman July 7, 2006 Key Principal Partners, the Cleveland private equity affiliate of financial services company KeyCorp, has sold Ampac Packaging LLC in a secondary buyout to an investor group led by Chicago-based Prudential Capital Group and Boston-based Falcon Investment Advisors. Ampac’s management team will retain a minority stake of the…
The China Gambit
CIO Magazine By Stephanie Overby June 16, 2006 Last year, Steve Bandrowczak jumped at the chance to take on a new challenge: the top IT job at PC maker Lenovo Group, a Chinese company. “I’ve rolled out systems in 200-plus countries,” says Bandrowczak, a 25-year IT veteran, describing his experiences as a globe-trotting CIO, including…
Turmoil Points To Mezz Resurgence
Corporate Financing Week By Matt Craft May 26, 2006 The handful of recently launched mezzanine funds will likely benefit from rising rates and inflation fears, according to private equity observers. “The outlook is better than it has been,” said Howard Gellis, senior managing director at The Blackstone Group. Gellis runs Blackstone’s mezzanine group, which closed…
Cyprium Partners Announces Initial Closing Of KPP Investors III At $435 Million
Private equity fund to focus on mezzanine and equity investments Cleveland, OH – Key Principal Partners (KPP), a Cleveland-based private equity firm, today announced the first close of KPP Investors III. The $435 million raised will be used to make value-oriented, non-controlling mezzanine and control equity investments in lower middle market companies. A second closing…
Helping Hands
CFO Magazine By P.B. Gray May 08, 2006 Eager to boost the value of their investments, venture capitalists lavish their portfolio companies with a broad array of services. Cincinnati is a long way from Nanjing, China — 7,300 miles and a world apart from the reassuring conventions of business, American style. That was a big…