Sun Capital Partners

Sun Capital Partners
Type	Private
Founded	Boca Raton, Florida, United States (1995)
Headquarters	Boca Raton, Florida, United States
Key people	Rodger Krouse and Marc Leder (Co-CEOs)
Products	Private Equity Funds
Website	www.SunCapPart.com

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Sun Capital Partners, Inc., is a private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies. Sun Capital has invested in more than 290 companies worldwide with combined sales in excess of $45 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 170 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.

[edit] 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 Brothers to Sun Capital Partners. They have more than 25 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.^[1] Mr. Leder is member of the University of Pennsylvania Huntsman Program Advisory Board. Mr. Leder is also a Director of the Berggruen Museum in Berlin and is co-owner and serves on the Board of the Philadelphia 76ers basketball team.

[edit] Investments

The firm's portfolio includes many regionally and nationally recognized companies, such as American Standard Brands, 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.^[2]

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 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 & Soda, a 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 The Pep Boys (NYSE:PBY).

2012: Sun Capital acquired Strauss Innovation, a German-based home furnishing and apparel retailer, American Golf and UK clothing retailer Bonmarché. Sun Capital has also exited Thermasys which was acquired by Wellspring Capital Management.