M&A Deal Summary

Sun Capital Partners Acquires American Standard Brands

On November 21, 2007, private equity firm Sun Capital Partners acquired consumer products company American Standard Brands from Ideal Standard for 130M USD

Acquisition Highlights
  • This is Sun Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Sun Capital Partners’ 10th largest (disclosed) transaction.
  • This is Sun Capital Partners’ 47th transaction in the United States.
  • This is Sun Capital Partners’ 2nd transaction in New Jersey.
Investment Fate
  • American Standard Brands was sold to a publicly-traded strategic buyer in 2013 for 542M USD.

M&A Deal Summary

Date 2007-11-21
Target American Standard Brands
Sector Consumer Products
Buyer(s) Sun Capital Partners
Sellers(s) Ideal Standard
Deal Type Divestiture
Deal Value 130M USD

Target

American Standard Brands

Piscataway, New Jersey, United States
website
American Standard Brands is a manufacturer of bath and kitchen products.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 57 of 167
Sector (Consumer Products) 2 of 7
Type (Divestiture) 8 of 25
State (New Jersey) 2 of 5
Country (United States) 47 of 116
Year (2007) 19 of 20
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Wabash Technologies

Huntington, Indiana, United States

Wabash Technologies designs and manufactures sensor and actuator products for the automotive, heavy-duty truck and off-highway sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Smokey Bones Barbeque & Grill

Greenwood, Indiana, United States

Smokey Bones Barbeque & Grill offers genuine barbeque flavors in a fun, energetic atmosphere known for friendly, attentive service in 68 locations across the Eastern and Midwestern United States. Smokey Bones' menu features a broad range of American favorites including baby-back and St. Louis-style ribs and hand-pulled pork which are slow-smoked daily over hickory in each restaurant for up to 11 hours for fall-off-the-bone tenderness and smokey flavor. Other favorites include flame-grilled sandwiches and steaks, half-pound Angus and Buffalo burgers, as well as a selection of great salads, fish and chicken entrees. Smokey Bones Barbeque & Grill is based in Greenwood, Indiana.

Buy $80M

Seller(S) 1

SELLER

Ideal Standard

Brussels, Belgium

website


Category Company
Founded 1901
Sector Consumer Products
DESCRIPTION

Ideal Standard is an international manufacturer and marketer of kitchen and bath products. Ideal Standard was founded in 1901 and is based in Brussels, Belgium.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1