Cyprium Investment Partners announced today the realization of its investment in Imperial Bag & Paper Co. Cyprium invested $12 million in subordinated debt in Imperial in January 2007.
Imperial is a wholesale distributor of paper and plastic packaging and janitorial supplies sold to the food service industry and retailers nationwide. The company is based in Bayonne, NJ (www.imperialbag.com).
During Cyprium’s investment period, Imperial grew over 159% to $275 million in sales operating from over 500,000 square feet of warehouse space in Bayonne, NJ and Long Island, NY. Cyprium was instrumental in assisting with the growth of Imperial, which came through both geographic and channel expansion as well as through three add-on acquisitions completed during its holding period.
Cyprium provides capital for acquisitions, growth, shareholder or partnership buyouts, refinancings and personal dividend distributions, without requiring majority control. The firm provides capital via subordinated debt, preferred stock and/or common stock. Cyprium will also selectively invest in control (majority ownership) positions. The firm invests from $10 million to $60 million per transaction in privately-held companies based in the US and Canada with more than $8 million of EBITDA. Cyprium has offices in Cleveland, OH and New York, NY (www.cyprium.com).
