Sun Capital Partners

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This article is about the US private equity firm. For the London-based private equity firm founded by Hugh Osmond, see Sun Capital Partners (UK).

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Sun Capital Partners, Inc.
Private
Founded Boca Raton, Florida, US (1995)
Headquarters Boca Raton, Florida, US
Key people
 Rodger Krouse (co-CEO)
Marc J. Leder (co-CEO)
Products Private Equity Funds
Website www.SunCapPart.com

Sun Capital Partners, Inc. is an American privately held global investment firm focused on leveraged buyouts, equity, debt, and other investments. The company has invested in more than 315 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s founding in 1995[1] and has offices in Boca Raton, Los Angeles, New York, and affiliates in London, Paris, Frankfurt, and Shenzhen.[1]

Operations

Sun Capital has over $9 billion of capital under management and often provides financing for the full purchase price at closing and then later raising long-term debt financing.[1] Sun Capital targets companies with up to $3 billion in sales but often completes transactions with businesses with sales in the range of $50 million and $500 million. Sun Capital claims that due to their high staffing levels, they can close deals sooner than their competitors, but they do not provide any independent research or data to support this claim.[1]

Investments

The firm's portfolio includes Boston Market, Coveris, Marsh Supermarkets, The Limited clothing stores, ShopKo discount store chain, Smokey Bones and Hickory Farms.[citation needed]

  • 2006: Completed 33 transactions (both portfolio and add-on acquisitions) among which is Marsh Supermarkets of Indianapolis, Indiana, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry/Worsley convenience stores, among other divisions.[2]
  • 2007: Completed 39 transactions, including the acquisition of plumbing fixture company American Standard Americas.[citation needed]
  • 2008: Sun Capital completed 26 transactions including a majority interest in Gordmans, a department store chain headquartered in Omaha, Nebraska.[citation needed]
  • 2009: Completed 11 transactions including the acquisition of Lang Holdings (Perfect Timing), a supplier of art, design and sports calendars, and completed a senior debt investment in Accuride Corporation.[citation needed]
  • 2010: Sun Capital completed 37 transactions including: ISIS; Arch Aluminum & Glass; Protective Products; 3D Entertainment Group (Atmosphere Bars and Clubs); Hewden Stuart Limited (Plant Hire); Bar Louie; Captain D's; Betts, a producer of printed laminate tubes; Alcan Beauty Packaging; Vroom & Dreesmann (V&D) Department Stores (Netherlands); La Place (Europe); the Maple Leaf Ontario Pork Processing Plant (Fearmans Pork); Harry's Fresh Foods; Reuther Verpackung (Germany) and PACCOR.[citation needed]
  • 2011: Sun Capital completed 33 transactions including an investment in The SCOOTER Store, acquired NextPharma (UK), Polestar UK Print, the Britton Group, Vitro America, Contessa Premium Foods and Scotch and Soda (clothing), an Amsterdam-based clothing manufacturer/retailer and Kobusch-Sengewald, a German-based packaging provider. Sun Capital has also exited Bruegger's Bagels which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by Pep Boys.[citation needed]
  • 2012: Sun Capital completed 30 transactions including Strauss Innovation, a Germany-based home furnishing and apparel retailer, American Golf UK clothing retailer Bonmarché, CornerStone Research & Development, Certified Power and ELIX Polymers. Sun Capital has also exited Thermasys which was acquired by Wellspring Capital Management, Del Monte Canada was sold to ConAgra Foods and Raybestos Powertrain was sold to Monomoy Capital Partners, FRS was sold to Park-Ohio Holdings, Sonneborn was sold to One Equity Partners and Fearmans Pork was sold to Sofina Foods.[citation needed]
  • 2013: Sun Capital completed eighteen acquisitions, eight exits and two IPOs. Some transactions include: Johnny Rockets was sold to Sun Capital Partners in 2013.[3] A majority stake in food packaging company Paragon Print and Packaging was also acquired by Sun Capital Partners in 2013.[4]
  • 2014 Sun Capital completed the acquisitions of ADTI, Aclara and Robertshaw. Sun Capital exited Wabash, Farfield Companies, Certified Power, Cornerstone, Manoir Aerospace, Emerald Performance Materials, DBA Apparel[5] and Chicago Leisure.

References

  1. ↑ 1.0 1.1 1.2 1.3 Sun Capital: About US retrieved August 4, 2012
  2. ↑ “The Sun Also Rises,” The Deal Magazine, November 27, 2009 Retrieved 2010-06-11
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ HanesBrands Completes Acquisition of DB Apparel & Increases Full-Year Earnings Guidance

External links

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