Sun Capital Partners, Inc
Encyclopedia
Sun Capital Partners, Inc., is a private investment firm focused on leveraged buyout
s, equity
, debt
, and other investments in market-leading companies. Sun Capital has invested in more than 275 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles
, New York
, and affiliates in London
, Paris, Frankfurt, Luxembourg, Shanghai, and Shenzhen
.
Sun Capital has approximately $8 billion of capital under management and often bridges the entire purchase price at closing, raising permanent debt financing afterwards.
The company targets companies with up to $5 billion or more of revenues, but many of the transactions are with businesses with sales between $50 million and $500 million. A staff of approximately 150 people and a decisive approach to business enables them to close deals within 30 days compared to three to six months for most other buyers. Appropriate acquisition and investment targets may include private businesses, divisions of larger companies, and publicly-traded companies. Sun Capital affiliates have also acquired and invested in businesses through bank workout groups, Chapter 11 proceedings, and from other private investment firms.
to Sun Capital Partners. They have more than 20 years of experience in leveraged buyouts, investment banking, and business operations. Both are actively involved in identifying all investments made by Sun Capital Partners. They were co-honorees as the 2003 Buyout Pros of the Years by Thomson Venture Economics, a Thomson Financial company and publisher of Buyouts Newsletter.
, Boston Market
, Exopack, Marsh Supermarkets
, Fazoli's Restaurants, The Limited clothing stores, ShopKo, Pamida
discount store
chains, Smokey Bones and Hickory Farms
.
2006: Completed 33 transactions (both portfolio and add-on acquisitions) among which is Marsh Supermarkets
of Indianapolis
, IN, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry
/Worsley convenience stores, among other divisions.
2007: Completed 39 transactions among which is the acquisition of plumbing fixture
company American Standard Americas.
2008: Sun Capital completed 26 transactions including a majority interest in Gordmans
, a department store chain headquartered in Omaha, Nebraska.
2009: Completed 11 transactions including the acquisition of Lang Holdings (Perfect Timing), a leading supplier of art, design and sports driven calendars and completed a senior debt investment in Accuride Corporation.
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 leading producer of printed laminate tubes; Alcan Beauty Packaging; 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.
2011: Sun Capital has made an investment in The SCOOTER Store
, acquired NextPharma (UK), Polestar UK Print, the Britton Group, Vitro America, Contessa Premium Foods and Scotch & Soda, a Amsterdam-based clothing manufacturer/retailer. Sun Capital has also exited Bruegger's Bagels which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by The Pep Boys (NYSE:PBY).
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
s, equity
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
, debt
Debt
A debt is an obligation owed by one party to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.A debt is created when a...
, and other investments in market-leading companies. Sun Capital has invested in more than 275 companies worldwide with combined sales in excess of $40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, and affiliates in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Paris, Frankfurt, Luxembourg, Shanghai, and Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
.
Sun Capital has approximately $8 billion of capital under management and often bridges the entire purchase price at closing, raising permanent debt financing afterwards.
The company targets companies with up to $5 billion or more of revenues, but many of the transactions are with businesses with sales between $50 million and $500 million. A staff of approximately 150 people and a decisive approach to business enables them to close deals within 30 days compared to three to six months for most other buyers. Appropriate acquisition and investment targets may include private businesses, divisions of larger companies, and publicly-traded companies. Sun Capital affiliates have also acquired and invested in businesses through bank workout groups, Chapter 11 proceedings, and from other private investment firms.
Co-CEO Honors
The company’s founders and Co-CEOs , Marc J. Leder and Rodger Krouse have followed almost mirrored career paths – from the University of Pennsylvania Wharton School to Senior Vice Presidents at Lehman BrothersLehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
to Sun Capital Partners. They have more than 20 years of experience in leveraged buyouts, investment banking, and business operations. Both are actively involved in identifying all investments made by Sun Capital Partners. They were co-honorees as the 2003 Buyout Pros of the Years by Thomson Venture Economics, a Thomson Financial company and publisher of Buyouts Newsletter.
Investments
The firm's portfolio includes many regionally and nationally recognized companies, such as American Standard BrandsAmerican Standard Brands
American Standard Brands is a closely held manufacturer of plumbing fixtures, sold under the American Standard, Crane, Fiat, Sanymetal, Showerite and Eljer brand names, based in Piscataway Township, New Jersey, United States. It is principally owned by Sun Capital Partners with Bain Capital...
, Boston Market
Boston Market
Boston Market, known as Boston Chicken until 1995, headquartered in Golden, Colorado, is a chain of American fast casual restaurants. It is owned by private equity firm Sun Capital Partners, headquartered in Boca Raton, Florida.-History:...
, Exopack, Marsh Supermarkets
Marsh Supermarkets
Marsh Supermarkets is a retail food chain headquartered in Indianapolis, Indiana, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida.-History:...
, Fazoli's Restaurants, The Limited clothing stores, ShopKo, Pamida
Pamida
Pamida is a chain of department stores with more than 175 locations in 16 Midwestern and West Central U.S. states. Pamida stores are generally located in smaller communities that range from 3,000 to 8,000 in population...
discount store
Discount store
A discount store is a type of department store, which sells products at prices lower than those asked by traditional retail outlets. Most discount department stores offer a wide assortment of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances...
chains, Smokey Bones and Hickory Farms
Hickory Farms
Hickory Farms is an American specialty foods company based in Maumee, Ohio. The company was established in 1951 when founder Richard Ransom began selling hand cut cheese at local fairs. By 1959, the company added summer sausage and opened their first retail store outside Toledo, Ohio...
.
2006: Completed 33 transactions (both portfolio and add-on acquisitions) among which is Marsh Supermarkets
Marsh Supermarkets
Marsh Supermarkets is a retail food chain headquartered in Indianapolis, Indiana, with stores throughout Central Indiana and parts of Ohio. Its parent company is Sun Capital Partners, headquarterd in Boca Raton, Florida.-History:...
of Indianapolis
Indianapolis
Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...
, IN, the owner/operator of 128 supermarkets/food stores, and 400 Village Pantry
Village Pantry
VPS Convenience is an American convenience store chain, currently headquartered in Wilmington, North Carolina.-History:Village Pantry was founded as a convenience store chain division of Marsh Supermarkets, founded in Yorktown, Indiana....
/Worsley convenience stores, among other divisions.
2007: Completed 39 transactions among which is the acquisition of plumbing fixture
Plumbing fixture
A plumbing fixture is an exchangeable device which can be connected to an existing plumbing system to deliver and drain away water but which is also configured to enable a particular use.-Common fixtures:The most common plumbing fixtures are:*Bathtubs...
company American Standard Americas.
2008: Sun Capital completed 26 transactions including a majority interest in Gordmans
Gordmans
Gordmans Stores is a chain of mid-western off-price department stores founded and headquartered in Omaha, Nebraska. Today, Gordmans operates 66 stores in 16 states in the United States.-Beginnings:...
, a department store chain headquartered in Omaha, Nebraska.
2009: Completed 11 transactions including the acquisition of Lang Holdings (Perfect Timing), a leading supplier of art, design and sports driven calendars and completed a senior debt investment in Accuride Corporation.
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
Captain D's
Captain D’s is a U.S.-based chain of fast-food restaurants, specializing in seafood and fish and chips. The restaurant also features a low-carbohydrate menu. The restaurant chain's headquarters is located in Nashville, Tennessee....
; Betts, a leading producer of printed laminate tubes; Alcan Beauty Packaging; 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.
2011: Sun Capital has made an investment in The SCOOTER Store
The SCOOTER Store
The SCOOTER Store is a privately held provider of power mobility products, including power chairs and mobility scooters and related products and accessories, based in New Braunfels, Texas. The company serves 48 U.S...
, acquired NextPharma (UK), Polestar UK Print, the Britton Group, Vitro America, Contessa Premium Foods and Scotch & Soda, a Amsterdam-based clothing manufacturer/retailer. Sun Capital has also exited Bruegger's Bagels which was acquired by Groupe Le Duff and Big 10 Tires which was acquired by The Pep Boys (NYSE:PBY).
News Articles
Boca Helping Hands' output surges under new directorExternal links
- Sun Capital Partners (Company website)