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http://www.ad-hoc-news.de/drucken–/de/Wirtschaft-Boerse/Marktberichte/19378593
Monomoy Capital Partners, L.P. Acquires the Katun Corporation
Monomoy
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.Katun
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.Katun
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.
Monomoy
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
Headquartered
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.
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