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What are the entry and exit points of the deals sun capital partners private equity firm has done in the last 3 years
Hello! Thank you for your request for information regarding the entry and exist points of deals completed by Sun Capital Partners. The best sources to answer your question are industry websites, such as Crunchbase, and specific company websites. The short answer is that there were at least 4 acquisitions and 4 exits in the past year. Despite a search of press releases and company sources, most transaction details were not made public. A deep dive of my findings follows.
FINDINGS
Exists include:
AFFILIATES
Sun Capital Partners is a global private equity firm. Their affiliates invest in companies which typically hold top positions in their respective industries, possess long term competitive advantages and have significant barriers to entry. Affiliate offices are located in London, Frankfurt, and Shenzhen. The affiliated portfolio companies would rank "in the top 100 of Fortune Magazine’s500 largest companies in the United States."
Arrow Tru-Line manufactures and distributes garage door hardware and fittings. On January 26, 2017, Sun Capital Partners announced that an affiliate had completed the acquisition of Arrow Tru-Line, Inc. for an undisclosed amount. The terms of the leverage buy-out were not made public.
Established in 1985, Worm’s Way, Inc. d.b.a. BWGS Full Spectrum Distribution is a top specialty distributors of indoor gardening needs in the U.S.. The company was acquired by an affiliate of Sun Capital Partners on January 4, 2017. Terms of the deal (including the amount of the transaction) were not disclosed.
Admiral Petroleum Co. & Lemmen Oil Co. is a family-owned business which includes over 130 gas and convenience stores across Michigan and Indiana. An SCP affiliate completed the acquisition of the company on May 23, 2016. SCP's involvement was short lived, as the company announced that an affiliate had sold Admiral Petroleum Company and Lemmen Oil Company to a subsidiary of GPM Investments, LLC on November 16, 2016. Transaction details were not disclosed in either deal.
Flamingo Horticulture (a.k.a. Finlays Horticulture) is a U.K.-based, vertically integrated business that participated in all phases of the cut flowers and premium fresh vegetables, from growth through distribution. It is "the largest vertically integrated, value-added producer and exporter of fresh produce and flowers to the EU." The acquisition by an affiliate of Sun Capital Partners was completed on January 7. 2016. The terms of the transaction were not disclosed.
On October 13, 2016, Sun Capital Partners announced that an affiliate had completed the sale of Critical Flow Solutions, a provider of products and services to the petroleum refining industry. The buyer was CIRCOR International, Inc. and the deal carried an enterprise value of $210 million.
Sun Capital sold its interest in Innocor, a manufacturer of advanced foam products, to Bain Capital Private Equity on February 3, 2017. Details of the transaction were not disclosed.
On January 12, 2017, Sun Capital announced its exist from U.S.-based furnishings manufacturer Lexington Home Brands, selling it to Shenzhen's Luolai Lifestyle Technology and Chinese PE firm Yixing Capital. Though financial terms were not disclosed, the Chinese company's November fining showed that the transaction value was not expected to exceed $81.45 million.
CONCLUSION
To wrap up, Sun Capital has announced 4 acquisitions and 4 exits through its core company and affiliates over the past year. Due to the private nature of these deals, details on transaction amounts and terms are typically not publicly available.
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