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Marc J. Leder
Born1962 (age 61–62)
Long Island, New York, U.S.
EducationUniversity of Pennsylvania (BS)
Alma materB.S. Wharton School of the University of Pennsylvania
Occupationinvestor
Known forCo-founder of private equity firm Sun Capital Partners, Inc.
Co-owner of the Philadelphia 76ers and the New Jersey Devils.
SpouseLisa J. Weisbein (divorced)
Children4

Marc J. Leder (born 1962) is an American businessman who currently serves as the co-chief executive officer of Sun Capital Partners, Inc., which is based in Boca Raton, Florida, United States.

Early life and education

Leder was born in 1962[1] to a Jewish family[2] and raised in the Long Island suburbs of New York City.[1] In 1979, Leder graduated from John L. Miller Great Neck North High School and in 1983, earned his Bachelor of Science degree in economics from the Wharton School of the University of Pennsylvania.[3] He currently serves as a member of the University of Pennsylvania Huntsman Program Advisory Board[4] and is on the Board of Institute of Contemporary Art at the University of Pennsylvania.

Career

In 1987, he accepted a position as an analyst at Lehman Brothers working his way up to Senior Vice president. In 1995, he left Lehman with fellow Wharton School of the University of Pennsylvania alumni and friend Rodger Krouse to found [[Sun Capital Partners, Inc.] Today, Marc J Leder is Co-Founder and Co-CEO of Sun Capital Partners, Inc. Cite error: A <ref> tag is missing the closing </ref> (see the help page). bid for the purchase of the Philadelphia Seventy-Sixers. The other members of the investment group are: Joshua Harris of the private equity firm Apollo Global Management, portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien,[5] as well as former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, David S. Blitzer, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir.[6] Comcast-Spectacor began talks with the investment group in the summer of 2011. The deal was announced on July 13, 2011.[7] The NBA formally approved the deal on October 18.[6] On August 15, 2013, it was announced that a group let by Harris and partner David Blitzer purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate the Prudential Center arena in Newark, New Jersey. The transaction was reportedly for over $320 million.[8][9] Leder, as minority owner, serves on the board of the Philadelphia 76ers and the NJ Devils.[10]

Philanthropy and accolades

The Sun Capital Partners Foundation has partnered with many local charities, among which is Boca Helping Hands, a non-profit organization based in South Florida that works to fight poverty and hunger in the area, and has donated more than $165,000 to the non-profit organization.[11] The Foundation has also donated over $100,000 to Operation Homefront Florida, an organization that works to provide financial assistance to military service members and their families.[12] The Foundation also hosts a half marathon and 5K that raises money for the Boca Raton Police Athletic League and Boca Raton Firefighters.[13] Overall, the Sun Capital Partners Foundation has donated to over 700 charities.Template:Https://suncappart.com/suncapitalfoundation/ He is a member of the International Council Board of the Museum Berggruen in Berlin.[14]

Leder was an honoree at the Art for Life 2011 to honor the creative energy of New York City youth and professional accomplishments and philanthropic efforts of individuals in the community.[15] The Marc J. Leder Foundation, Inc. is a non-profit corporation based in Boca Raton that partially funds the Sun Capital Partners Foundation as well as makes grants to institutions such as the University of Pennsylvania.[16] Leder received the 2003 Buyout Magazine Pros of the Years by Thomson Venture Economics, a Thomson Financial company and publisher of Buyouts Newsletter[17] and received a leadership award by the M&A Advisor in 2013.[citation needed]

Personal life

In 1987, Leder married Lisa J. Weisbein; they have three children. They divorced in 2009.[18] In January 2012, Leder had another daughter. citation needed|date=December 2020}}

References

  1. ^ a b Foroohar, Kambiz (October 1, 2008). "Blackstone, Apollo Outshone as Sun Capital Buys Boston Market". Bloomberg News. Archived from the original on December 5, 2020.
  2. ^ Guttman, Nathan (September 18, 2012). "Romney Trashes Two-State Solution in Video". The Jewish Daily Forward. Archived from the original on October 21, 2020.
  3. ^ Cite error: The named reference bare_url was invoked but never defined (see the help page).
  4. ^ "The Huntsman Program Advisory Board". University of Pennsylvania. Archived from the original on February 22, 2012. Retrieved December 2, 2020.
  5. ^ Fagan, Kate (August 2, 2011). "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success". The Philadelphia Inquirer. Archived from the original on October 29, 2013.
  6. ^ a b "Group Led by Joshua Harris Completes Purchase of Sixers" (Press release). Philadelphia 76ers. October 18, 2011. Archived from the original on March 18, 2018.
  7. ^ "Sale of 76ers to Joshua Harris finished". ESPN. July 13, 2011. Archived from the original on November 12, 2020.
  8. ^ "Josh Harris Buys The New Jersey Devils". KYW-TV. Associated Press. August 15, 2013. Archived from the original on September 24, 2020. Retrieved December 5, 2020.
  9. ^ Golden, Jessica (March 24, 2020). "76ers, Devils reverse decision to cut salaries up to 20% due to coronavirus hiatus". CNBC. Archived from the original on April 19, 2020. Retrieved December 5, 2020.
  10. ^ "Front Office Directory". Philadelphia 76ers. Archived from the original on November 12, 2011. Retrieved April 9, 2012.
  11. ^ http://www.bocahelpinghands.org/index.cfm?fuseaction=news.details&ArticleId=92&returnTo=boca-helping-hands-in-the-news
  12. ^ "Operation Blood Drive". Operation Homefront. Archived from the original on April 29, 2012. Retrieved March 19, 2012.
  13. ^ "Boca PAL announces half marathon and 5K". Sun-Sentinel. September 17, 2011. Archived from the original on January 8, 2014. Retrieved March 19, 2012.
  14. ^ "International Council members". Berggruen Museum. Archived from the original on June 25, 2020.
  15. ^ "12th Annual Art for Life 2011!" (Press release). Rush Philanthropic Arts Foundation. Archived from the original on April 2, 2016.
  16. ^ http://visulate.com/rental/visulate_search.php?CORP_ID=N10000001150
  17. ^ "Venture Economics Names Texas Pacific Group Buyout Firm of the Year; Sun Capital Partners' Rodger Krouse and Marc Leder are Buyout Pros of the Year" (Press release). Thomson Venture Economics. PR Newswire. March 11, 2004. Archived from the original on October 16, 2011. Retrieved April 9, 2012 – via Sun Capital Partners.
  18. ^ Ostrowski, Jeff (July 10, 2009). "Sun Capital co-founder worth more than $400 million, wife says". The Palm Beach Post. Archived from the original on December 27, 2013.

Other sources

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