Cleveland, OH – Key Principal Partners (KPP), a $1 billion private equity firm, announced today an investment of $5.1 million in senior subordinated debt, preferred equity and common equity in Xaloy Holdings, Inc. The investment was made to facilitate Xaloy’s acquisition of the Extrusion and Polymer Division (Extrusion) of Dynisco, LLC. Baird Capital Partners (BCP),…
Press
Automation on the Rise in China
Managing Automation By Maria Trombly April 1, 2006 China may be the low-wage manufacturing capital of the world, but not every company comes here to save money on labor. Instead, as China develops its own economy, companies are opening plants here to be close to customers, to be close to raw materials, and for other…
Cyprium Partners Announces Acquisition Of Aloha Lumber By Honsador Holdings, LLC
Add-on Acquisition Strengthens KPP Portfolio Company Cleveland, OH – Key Principal Partners (KPP), a $1 billion private equity firm, announced today that its portfolio company, Honsador Holdings, LLC, has acquired Aloha Lumber Corporation. Senior debt financing was provided by a group led by First Hawaiian Bank. The acquisition allowed Aloha Lumber’s ownership team to move…
Factories go onto autopilot: LETTER FROM … SHANGHAI
The New Zealand Herald By Maria Trombly March 27, 2006 China’s drive for better manufacturing quality is encouraging businesses to invest in machines C HINA may be the low-wage manufacturing capital of the world, but not every company comes here to save money on labour. Instead, as China develops its domestic economy, companies are opening…
China’s Asimco Expects US IPO Within Two Years
Dow Jones Newswires By Owen Brown February 26, 2006 SYDNEY (Dow Jones)–Asimco Technologies, a privately-held auto components maker based in China but backed by U.S. venture capital, is expected to launch an initial public share offer in the U.S. within the next two years, chairman and chief executive officer Jack Perkowski says. Perkowski was billed…
Transaction Multiples Highest in a Decade, While Debt Multiples Lag
Buyouts By Mark Cecil 2005 was a record-breaking year for fundraising, which means that funds are able to write bigger equity checks than ever before. This may partly explain some interesting year-end statistics: for large transactions, average debt multiples were down from 2004, while transaction multiples came in near or above all-time highs. According to…
Cyprium Partners Invests $7.5 Million In CG Electrodes LLC
Cleveland, OH – Key Principal Partners (KPP), a $1 billion private equity firm, announced today an investment of $7.5 million in subordinated debt in CG Electrodes LLC (C/G). The transaction, made to refinance existing debt and recapitalize the company through the repurchase of stock from minority shareholders, will increase the holdings of NMCG Holdings, the…
Making sense of mezzanine financing
Financial Executive By John Sinnenberg December 1, 2005 At critical points in a company’s existence, it will need to raisecapital–whether to make a strategic acquisition, invest in facilities and technology, create employee stock incentives or provide liquidity for shareholders. Financial executives will look at a range of options from bank debt to equity deals, and…
John Sinnenberg Quoted in Corporate Financing Week
Corporate Financing Week By Matthew Craft With the junk bond market hitting a rough patch, private equity shops are turning toward mezzanine financing to get their deals done. “We’re seeing some really large mezzanine deals getting done in the last month or so,” said Howard Gellis, senior managing director of Blackstone Mezzanine Partners. “I wouldn’t…
Cyprium Partners Invests $6.5 Million In Anomatic Corporation, Inc.
Cleveland, OH – Key Principal Partners (KPP), a $1 billion private equity firm, announced today an investment of $6.5 million in senior subordinated debt and preferred equity in Anomatic Corporation, Inc. The investment was made to facilitate Anomatic’s recapitalization by Brookstone Partners LLC, a New York-based private equity firm. The company’s current management team will…