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…
Press
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…
Cyprium Partners Invests $5.1 Million In Xaloy Holdings, Inc.
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),…
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…