- This topic has 0 replies, 1 voice, and was last updated 9 years, 9 months ago by
.
-
Posts
-
http://www.businesswire.com/news/home/20100909005152/en
MAJOR PARTNER EXITS INVESTMENT INTO CLOVER TECH GROUP INC
Key Principal Partners Exits Investment in Clover Technologies Group, Inc.
OTTAWA,
Ill.–Key Principal Partners Corp. (“KPP”), a $1 billion private
investment firm, has announced the sale of its shares in Clover
Technologies Group, Inc. (Clover). Clover is the global leader in the
recycling and remanufacturing of laser toner and inkjet cartridges. The
company sells its products under its own brand names as well as under
the private label brands of several large retail and
business-to-business office product dealer customers. KPP led a $26
million minority common equity investment in Clover that was initiated
in June 2006. During KPP’s investment period, Clover doubled in size to
annual revenues of over $400 million. The company was sold to a group
comprised of Golden Gate Capital and management.About Key Principal Partners
Key
Principal Partners (“KPP”) is a $1 billion private investment firm that
provides expansion capital to profitable middle-market companies with
at least $30 million in revenue. The firm has the flexibility to provide
any combination of subordinated debt, preferred equity and/or common
equity in either non-control (minority ownership) or control (majority
ownership) positions. KPP invests between $10 million and $40 million to
facilitate the growth, acquisition, refinancing, deleveraging or
liquidity needs of private company owners and their management teams.
KPP is headquartered in Cleveland, and has additional offices in
Greenwich and San Francisco. For additional information, please visit
http://www.keyprincipalpartners.com.
- You must be logged in to reply to this topic.