Neha Patil (Editor)

Sun Capital Partners

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Products
  
Private Equity Funds

Founded
  
1995

Website
  
www.SunCapPart.com

Type of business
  
Privately held company


Key people
  
Rodger Krouse (co-CEO) Marc J. Leder (co-CEO)

Headquarters
  
Boca Raton, Florida, United States

Subsidiaries
  
The Limited, Vroom & Dreesmann, Friendly's

CEO
  
Marc J. Leder (May 1995–), Rodger R. Krouse (May 1995–)

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 340 companies worldwide and has offices in Boca Raton, Florida, Los Angeles and New York, and affiliates in London, Frankfurt, and Shenzhen.

Contents

Operations

Sun Capital has approximately $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. Sun Capital targets companies with up to $1.5 billion or more of revenues, but many of its transactions are with businesses with sales between $50 million and $500 million.

Investments

The firm's portfolio includes Boston Market, Coveris, Marsh Supermarkets, Shopko discount store chain and Smokey Bones.

  • 2003: Sun Capital Partners acquired bagel chain Bruegger’s Enterprises.
  • 2005: Sun Capital Partners acquired Creekstone Farms.
  • 2005: Sun Capital Partners acquired Exopack, but following the purchase of additional international companies, the company became Coveris.
  • 2006: Sun Capital completed 33 transactions (both portfolio and add-on acquisitions) among which was Marsh Supermarkets of Indianapolis, Indiana, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry/Worsley convenience stores, among other divisions.
  • 2006: Sun Capital Partners acquired Big 10 Tire Stores.
  • 2006: Sun Capital Partners acquired Del Monte Canada which it then sold it to ConAgra Foods in 2012.
  • 2008: Sun Capital Partners completed 26 transactions including a majority interest in Gordmans, a department store chain headquartered in Omaha, Nebraska.
  • 2008: Sun Capital Partners acquired Frontier Spinning Mills.
  • 2008: Sun Capital Partners acquired Kellwood.
  • 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.
  • 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.
  • 2012: Sun Capital acquired S&N Communications.
  • 2013: Sun Capital completed eighteen acquisitions, eight exits and two IPOs. Some transactions include: Johnny Rockets was sold to Sun Capital Partners in 2013. A majority stake in food packaging company Paragon Print and Packaging was also acquired by Sun Capital Partners in 2013.
  • 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 and Chicago Leisure.
  • 2015 Sun Capital completed the acquisitions of Critical Flow Solutions, Flabeg, Flexitech and Flamingo Horticulture. Sun Capital exited Point Blank, VPS, Fazolis, Vari-Form, Hickory Farms, Polestar and Loud Technologies, Inc.
  • 2015: Sun Capital sold Point Blank to JLL Partners.
  • 2016 Sun Capital Partners exited Kellwood Company, Admiral, Critical Flow Solutions and Innocor.
  • 2016: Sun Capital Partners acquired Furniture Factory Outlet.
  • 2017 Sun Capital Partners acquired BWGS, Arrow Tru-Line, and Horizon Services.
  • References

    Sun Capital Partners Wikipedia