In the News

Competitively priced companies for sale expand local private equity firms’ investment options By Arielle Kass January 26, 2009 For most private equity firms in the area, 2008 was nothing to brag about. But the leaders of a number of them are banking on a better 2009. “Nobody wants to forecast this level of economic activity…

By Michael Baron If 2007 was the peak, and 2008 the reckoning, 2009 could very well shape up as the retrenchment. With leverage scarce and deal flow sputtering, buyout pros are preparing for a year of tending to portfolio companies, sifting through distressed opportunities, and watching the headlines for signs of stabilization in the economy.…

The Deal Newsweekly by Nathaniel E. Baker You knew it had to happen eventually. After avoiding the worst of the credit crisis, middle–market deals, which we define as falling between $100 million and $1 billion in total deal value, have clearly been affected by the deepening slowdown in the economy and the loan markets. Even…

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…

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…

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…

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…

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…

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…

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…