Sun Capital Partners Explained

Sun Capital Partners, Inc.
Type:Private
Key People:Rodger Krouse (co-CEO)
Marc J. Leder (co-CEO)
Products:Private Equity Funds
Location:Boca Raton, Florida, United States
Homepage:www.suncappart.com

Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts.[1] Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.[1] [2]

History

Sun Capital originally formed Emerald through a corporate carveout of food ingredients and industrial specialties divisions of Lubrizol.[3]

In 2015, Sun Capital sold Point Blank Enterprises.[4] Sun Capital originally assembled Point Blank's assets through bankruptcy auction processes.[5]

In 2016, The Wall Street Journal reported that Sun Capital had returned more than 18 times its investment in Critical Flow Solutions after doubling the portfolio company's earnings in less than two years.[6] Sun originally formed Critical Flow in 2015 in a corporate carveout of three business units from Curtiss-Wright Corporation.[7] The Wall Street Journal subsequently reported that Sun Capital's sale of Admiral Petroleum Co. and Lemmen Oil Co. returned 1,530 times Sun Capital's original investment.[8]

External links

Notes and References

  1. News: In a Romney Believer, Private Equity's Risks and Rewards . The New York Times . January 21, 2012 . 24 August 2020 . Creswell . Julie .
  2. Web site: Interview With Sun Capital's Rodger Krouse . Privcap . 24 August 2020.
  3. Web site: Lubrizol Sells Ingredients Businesses to Private Equity . Food Ingredients First . 16 November 2020.
  4. Web site: Sun Capital shines in buying, fixing and selling firms . Baltimore Sun . 16 November 2020.
  5. Web site: Affiliate of Sun Capital Partners, Inc. Completes Sale of Point Blank Enterprises, Inc. . Sun Capital Partners . June 2015 . 16 November 2020.
  6. News: Sun Capital Returns More Than 18-Times Its Money on Critical Flow Sale . Wall Street Journal . 13 October 2016 . WSJ . 16 November 2020. Kreutzer . Laura .
  7. Web site: Affiliate of Sun Capital Partners Completes Sale of Critical Flow Solutions for $210 Million . Sun Capital Partners . 13 October 2016 . 16 November 2020.
  8. News: Kreutzer's Take: How Sun Capital Turned a Mini Deal Into a Mammoth Multiple . Wall Street Journal . 8 December 2016 . 24 August 2020. Kreutzer . Laura .