Stake Purchase • Information Technology

Cyprium Partners, Platinum Equity and J.F. Lehman & Company Invest In Oao Technology Solutions

On December 1, 2003, mezzanine finance firm Cyprium Partners, private equity firm Platinum Equity and private equity firm J.F. Lehman & Company invested in information technology company Oao Technology Solutions

Investment Context
  • This is Cyprium Partners’ 1st, Platinum Equity’s 3rd and J.F. Lehman & Company’s 1st transaction in the Information Technology sector.
  • This is Cyprium Partners’ 6th, Platinum Equity’s 7th and J.F. Lehman & Company’s 8th transaction in the United States.
  • This is Cyprium Partners’ 1st, Platinum Equity’s 1st and J.F. Lehman & Company’s 1st transaction in Maryland.
Investment Fate
  • Oao Technology Solutions merged with another company in 2010.

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Investment Summary

Date December 1, 2003
Target Oao Technology Solutions
Sector Information Technology
Investor(s) Cyprium Partners
Platinum Equity
J.F. Lehman & Company
Deal Type Stake Purchase

Target Company

Oao Technology Solutions

Greenbelt, Maryland, United States
Oao Technology Solutions, Inc. is a information technology ('IT') outsourcer to classified government customers and is a global provider of IT outsourcing services including applications management, data center operations and professional staffing services for commercial and government customers.
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Investors Overview 3

Investor

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 Context for Investor #
Overall 6 of 54
Sector: Information Technology 1 of 2
Type: Stake Purchase 1 of 1
State: Maryland 1 of 1
Country: United States 6 of 51
Year: 2003 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-28 Stock Equipment Co.

Chagrin Falls, Ohio, United States

Stock Equipment is a designer, manufacture and sale of highly engineered bulk material handling systems and electronic controls for coal-fired power plants and other process industries. It has the most extensive bulk material handling product offering in the industry with its portfolio of products including feeding systems, chain conveyors, specialty valves, electronic controls and other accessory products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 ASIMCO

Beijing, China

ASIMCO is a manufacturer of automotive and heavy-duty truck components in China.

Buy -
Investor

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


Deal Context for Investor #
Overall 8 of 157
Sector: Information Technology 3 of 8
Type: Stake Purchase 1 of 4
State: Maryland 1 of 2
Country: United States 7 of 122
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-18 iET Solutions

Framingham, Massachusetts, United States

iET Solutions LLC develops and supports award-winning software applications for the IT service management market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-28 DyStar

Frankfurt, Germany

DyStar is a global provider of dyes and services to the fashion and textile industries. With operations in countries in Europe, Asia, Africa, and the Americas, DyStar manufactures, sells and distributes a wide range of dyestuffs and pigment preparations. DyStar has a solid market position, long-term relationships with key customers, and is well-known globally for its innovative products.

Buy -
Investor

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


Deal Context for Investor #
Overall 8 of 47
Sector: Information Technology 1 of 1
Type: Stake Purchase 2 of 3
State: Maryland 1 of 1
Country: United States 8 of 42
Year: 2003 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Burke Industries

San Jose, California, United States

Burke Industries is a provider of military elastomer products and is a diversified manufacturer of engineered rubber, silicone, and vinyl-based products for the aerospace, defense, commercial flooring, heavy-duty truck, and fluid containment industries. Burke Industries was formed in 1942 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-15 Racal Acoustics

London, United Kingdom

Racal Acoustics Ltd., is a provider in the design and manufacture of communications headsets, handsets and audio ancillaries for military applications serving over 100 armed forces branches in 80 countries.

Buy -