CLEVELAND, Ohio, Sept. 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Cyprium Partners is pleased to announce its hiring of Ted Laufik as its new Chief Financial Officer and Chief Compliance Officer. Mr. Laufik has been on board at Cyprium since August and will replace Dennis Wagner, who plans to retire on October 31st.
Ted is a senior finance professional with more than 25 years of finance, strategy, investor relations and compliance experience, including with one of the country's leading private equity and venture capital firms. He has helped raise over $3 billion in investment capital that ultimately financed more than 350 companies. A Cleveland native, Ted has also supported the venture capital and private equity community in Menlo Park, California.
Ted holds an MBA in Finance and a Bachelor of Business Administration in Accounting, both from Cleveland State University. He is also a Certified Public Accountant (CPA).
"We are excited that Ted has joined the Cyprium team," said John Sinnenberg, Chairman at Cyprium Partners. "Ted's vast finance, tax, accounting, compliance and investor relations experience within the venture and private equity community ensures these aspects of our business will be in good hands going forward. We will miss Dennis Wagner greatly, as his leadership and contribution to our firm has gone far beyond his dual role as CFO and CCO. We look forward to continuing our friendship with him for many years to come."
About Cyprium Partners:
Cyprium Partners is a private equity firm focused on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock and/or common stock to enable privately-held businesses, entrepreneurs and management teams to achieve their financial and/or strategic objectives. With offices in Cleveland, New York and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies with $10 million or more of EBITDA. Learn more about Cyprium Partners at http://www.cyprium.com.
Contact:
CLEVELAND, 200 Public Square, Suite 2020, Cleveland, Ohio 44114, + 216 453 4500
NEW YORK, 461 Fifth Avenue, 26th Floor, New York, NY 10017, + 646 571 1620
CHICAGO, 233 South Wacker Dr, 84th Floor, Chicago, IL 60606, + 312 283 8801
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