Cyprium Partners replaced its outgoing chief financial officer and chief compliance officer, Dennis Wagner, with former Resilience Capital Partners finance and compliance chief Ted Laufik.
Laufik, who has been on board at Cyprium since August, will replace the Cyprium co-founder when he retires on October 31st.
Prior to his time at Cleveland-based private equity firm Resilience, Laufik spent more than 25 years as CFO and chief administrative partner at venture capital and buyout firm Morgenthaler.
“[Laufik’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,” said in a statement John Sinnenberg, chairman at Cyprium Partners.
Cyprium Partners is a private equity firm focused on non-control (minority ownership) investments with offices in Cleveland, New York and Chicago. The firm invests between $10 million and $60 million in US and Canadian companies with $10 million or more of EBITDA.