Our meeting on September 20 was a great discussion with Dan Kessler of Cyprium Partners. Dan ably pinch hit for Cindy Babitt who was called out of town on a new deal on the West Coast.
David Brown put Dan through his paces regarding the firm’s model and competitive advantage over other PEs. Dan stated that Cyprium’s edge in the lower middle market is its ability to keep existing owners/leaders at the target company post close while providing that same owner with much desired liquidity. Since Cyprium generally acquires a minority equity position, the existing shareholders can preserve their upside and business leadership. Cyprium’s investors provide them much welcomed strategic input, and capital to enhance growth.
Cyprium’s targets are industrial, health care and business services companies with at least $8M in EBITDA. The firm prefers to invest between $10-60M per transaction. In that market, Dan sees continued strong deal activity for the next couple of years.
Stay tuned for an announcement of our next program on November 15. It will be an early sell-out.
Ms. Babitt is a founding member of Cyprium Partners. Prior to forming Cyprium, she was a partner at Key Principal Partners (KPP). She joined KPP in 1998 from Carleton, McCreary, Holmes & Co., a Cleveland-based investment banking firm. Ms. Babitt spent three years at CMH with a primary focus on industry research, financial analysis, buy and sell side transactions and valuation for public and private companies. Prior thereto, Ms. Babitt worked as a laboratory technician for Seibert Powder Coatings and as a statistician for the University Hospitals of Cleveland. Ms. Babitt received her M.B.A. from the Weatherhead School of Management at Case Western Reserve University and her B.S. in Biology from the University of Miami.
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