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 user 2008-09-16 at 12:48:09 pm Views: 41
  • #20585

    Monomoy Capital Partners, L.P. Acquires the Katun Corporation
    Capital Partners, L.P., a New York private equity fund that makes
    controlling investments in middle market companies, today announced
    that it has acquired the Katun Corporation, the world’s largest
    supplier of compatible supplies, photoreceptors and parts to the
    imaging industry. Terms of the transaction were not disclosed.

    provides more than 18,000 customers with toner products, photoreceptors
    and drums for copiers, printers and multifunctional devices from four
    geographic business units, seven distribution centers, and nearly two
    dozen sales offices located across the globe. Headquartered in
    Minneapolis since its inception in 1979, Katun employs more than 600
    individuals as a global leader in OEM compatible consumables.

    will join 10 other manufacturing and distribution companies in
    Monomoy’s growing middle market portfolio and will benefit from the
    firm’s expertise in improving the operational efficiency and financial
    position of fundamentally strong businesses. Carlyle Singer will
    continue to serve as President and Chief Executive Officer of Katun
    under Monomoy ownership, and Katun’s current senior management team
    will remain in place.

    ‘This transaction begins a new chapter in
    Katun’s thirty year history,’ said Ms. Singer. ‘The Monomoy acquisition
    allows Katun to leverage recent technical breakthroughs in complex
    products into an expanded product line that will capture the growth
    potential in the imaging industry. Our recent product introductions in
    the growing color segment have again confirmed Katun’s ability to
    develop and provide quality compatible products that perform at or
    above the level of the original manufacturer’s products. In addition,
    Monomoy’s operational and financial resources will help strengthen
    Katun’s unique worldwide sourcing and distribution capabilities as we
    deliver new products to the market. ‘

    ‘We are excited to partner
    with the Katun team,’ said Justin Hillenbrand, a Monomoy Partner.
    ‘Katun’s strong brand recognition in the imaging industry, its
    reputation for exceptional quality and customer service and its
    worldwide reach make it an attractive addition to the Monomoy
    portfolio. The depth of the new products slated to be introduced later
    this year and in early 2009 make this a very exciting time to be
    stepping into an ownership position and we look forward to creating an
    even stronger company moving forward.’

    Kirkland & Ellis, LLP
    provided Monomoy’s legal counsel in the acquisition and Ernst &
    Young provided financial and accounting diligence.

    About Monomoy Capital Partners, L.P.
    Capital Partners, L.P. is a $280 million private equity fund that makes
    controlling investments in middle market companies. The Fund has
    completed 18 transactions over three years in the smaller end of the
    middle market and currently owns 11 businesses that collectively employ
    more than 6,000 people. Monomoy implements customized business
    improvement programs in all portfolio companies that reduce operating
    expenses, increase profitability and encourage meaningful growth. For
    additional information on Monomoy and its portfolio companies, please
    visit http://www.mcpfunds.com.

    About Katun Corporation
    in Minneapolis, Katun Corporation is the world’s leading alternate
    supplier of imaging supplies, photoreceptors, parts and services for
    the office equipment industry. With nearly three decades of expertise,
    Katun now serves more than 18,000 customers in 150 countries. For more
    information, visit Katun online at http://www.katun.com.