San Francisco, CA – August 27, 2007 – Key Principal Partners (KPP), a $1 billion private equity firm, announced today that the firm has hired Nick Stone as Director, in charge of West Coast business development. He will be based in the San Francisco, California office of KPP.
“We’re very pleased to announce that Nick has joined our firm,” said Tim Fay, Managing Partner of KPP’s San Francisco office. “Nick’s industry relationships, knowledge and reputation make him an important addition to our staff.”
Prior to joining KPP, Mr. Stone was Vice President of Northlight Capital, a Chicago-based private equity firm, where he was responsible for developing proprietary acquisition opportunities, transaction execution and managing operational projects at the portfolio level. Previously, he was a Director with U.S. Capital, a regional middle market boutique business brokerage firm where he assisted both private equity clients and strategic buyers in identifying priority investment candidates.
Mr. Stone began his career with the National Aeronautics and Space Administration (NASA) — Johnson Space Center as a financial analyst for Flight Crew Operations. Thereafter, he transitioned to the International Space Station (ISS) as a Contract Specialist.
Mr. Stone graduated Cum Laude from Wichita State University with a BBA in International Business.
About Key Principal Partners
Key Principal Partners (KPP) is a nationally recognized private investment firm providing capital to middle market companies throughout North America. KPP utilizes mezzanine and equity capital to fund the growth, buyout, refinancing or acquisition of profitable companies. KPP’s flexible approach to structuring investments does not require control of companies. KPP has over $1 billion in capital under management and can invest $7 million to $40 million in companies with at least $20 million in revenue. Headquartered in Cleveland, KPP is affiliated with KeyCorp, and has offices in Greenwich and San Francisco.
Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $94 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.Key.com.