M&A Deal Summary

Cyprium Partners Acquires C/G Electrodes

On December 7, 2005, mezzanine finance firm Cyprium Partners acquired electrical equipment company C/G Electrodes from Eureka Equity Partners for 8M USD

Acquisition Highlights
  • This is Cyprium Partners’ 2nd transaction in the Electrical Equipment sector.
  • This is Cyprium Partners’ largest (disclosed) transaction.
  • This is Cyprium Partners’ 17th transaction in the United States.
  • This is Cyprium Partners’ 4th transaction in Pennsylvania.
Investment Fate
  • C/G Electrodes was sold to a publicly-traded strategic buyer in 2010.

M&A Deal Summary
Date 2005-12-07
Target C/G Electrodes
Sector Electrical Equipment
Buyer(s) Cyprium Partners
Sellers(s) Eureka Equity Partners
Deal Type Recapitalization
Deal Value 8M USD

Target

C/G Electrodes

Saint Marys, Pennsylvania, United States
C/G Electrodes is a leading manufacturer of consumable graphite electrodes used in the electric arc furnaces of steel mini-mills. These electrodes allow production temperatures to reach 5000 degrees Fahrenheit, believed to be the highest operating temperature in any industrial manufacturing process in the world. Cyprium Partners’ investment facilitated the buyout of minority shareholders of C/G.

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Buyer(S) 1

Buyer

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.

DEAL STATS #
Overall 18 of 53
Sector (Electrical Equipment) 2 of 3
Type (Recapitalization) 2 of 7
State (Pennsylvania) 4 of 5
Country (United States) 17 of 50
Year (2005) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Anomatic

Newark, Ohio, United States

Anomatic Corp. is a provider of high-volume anodized aluminum packaging components and a provider of custom decorative assemblies to the packaging companies in the cosmetics industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Clover Environmental Solutions

Hoffman Estates, Illinois, United States

Clover Environmental Solutions provides environmentally sustainable solutions focused on the recovery, returns management, remanufacturing, and recommerce of business and consumer goods. By leveraging its world-class engineering, manufacturing, and distribution infrastructure, Clover Environmental Solutions provides circular economy solutions for various products, making the company a product lifecycle management provider of choice for OEMs and retailers globally. Clover Environmental Solutions was established in 1996 and is based in Hoffman Estates, Illinois.

Buy -

Seller(S) 1

SELLER

Eureka Equity Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Eureka Equity Partners is a private equity firm focused on partnering with management in acquiring middle-market companies generating sales up to $100 million. The Firm will consider both control and non-control investments. Sectors of interest include communications, consumer products and services, healthcare, and transportation. Eureka invests in the range of $10 to $25 million per transaction. Eureka's geographic coverage is within the US with a preference for opportunities located in the Eastern and Mid-Atlantic US. Eureka was formed in 2004 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 5 of 23
Sector (Electrical Equipment) 1 of 1
Type (Recapitalization) 1 of 2
State (Pennsylvania) 4 of 9
Country (United States) 5 of 23
Year (2005) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 TransCore Holdings

Hummelstown, Pennsylvania, United States

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-09 Synygy

Chester, Pennsylvania, United States

Synygy is a leading provider of Enterprise Incentive Management (EIM) software and services. Synygy’s award-winning EIM solutions help create performance-driven organizations, enabling companies to better define performance, reward success and deliver results.

Sell -
Mergr

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