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…
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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…
Cyprium Partners Promotes Four Senior Professionals
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…
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…
