Monomoy Capital Partners completed a successful $52 million recapitalization with HSBC and Comvest Capital for its portfolio company, Katun Corporation. The proceeds of the recapitalization were used to repay Katun’s existing debt and to pay a dividend to Katun’s shareholders.

Monomoy owns Katun through its first fund vehicle, Monomoy Capital Partners. HSBC Bank USA and Comvest Capital III provided Katun with financing for the recapitalization. Lampert Debt Advisors advised the company and Monomoy on the recapitalization. Kirkland & Ellis served as legal counsel to Katun in the transaction.

Katun is a provider of OEM-compatible imaging supplies, toner, photoreceptors and parts for copiers, printers and other imaging equipment.

“Katun has been able to generate meaningful cash flow and earnings growth over the past 24 months, despite the substantial headwinds created by the strengthening US dollar,” said Sebastian Bretschneider, interim CEO of Katun.

Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital which makes controlling investments in lower middle market businesses in the manufacturing, distribution, consumer products and foodservice sectors.