M&A Deal Summary

Sun Capital Partners Acquires Britton Group

On April 15, 2011, private equity firm Sun Capital Partners acquired packaging company Britton Group from HSBC Private Equity UK for 90M GBP

Acquisition Highlights
  • This is Sun Capital Partners’ 6th transaction in the Packaging sector.
  • This is Sun Capital Partners’ 8th largest (disclosed) transaction.
  • This is Sun Capital Partners’ 11th transaction in the United Kingdom.
Investment Fate
  • Britton Group was sold to a strategic buyer in 2013.

M&A Deal Summary
Date 2011-04-15
Target Britton Group
Sector Packaging
Buyer(s) Sun Capital Partners
Sellers(s) HSBC Private Equity UK
Deal Type Secondary Buyout
Deal Value 90M GBP

Target

Britton Group

Winsford, United Kingdom
website
Britton Group is a flexible packaging business in Europe, producing 80,000 tonnes of plastic film and converted products each year.

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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 94 of 167
Sector (Packaging) 6 of 10
Type (Secondary Buyout) 12 of 40
Country (United Kingdom) 11 of 25
Year (2011) 4 of 11
Size (of disclosed) 8 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Polestar UK Print

Dunstable, United Kingdom

Polestar UK Print Ltd. is the printer in the UK, with the broadest portfolio of gravure, web offset and digital capabilities. The Company produces the majority of UK newspaper color supplements and 23 of the UK’s top 40 magazines, including well-known publications such as Hello, Cosmopolitan, Top Gear, Grazia, and Country Life.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Creekstone Farms Premium Beef

Arkansas City, Kansas, United States

Creekstone Farms Premium Beef LLC is a provider of premium USDA-certified beef and pork products. Creekstone Farms Premium Beef LLC was established in 1995 and is headquartered in Arkansas City, Kansas.

Buy -

Seller(S) 1

SELLER

HSBC Private Equity UK

London, United Kingdom

website

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

HSBC Private Equity UK (HPE) is the UK mid-market private equity investment business of the HSBC Group. HPE focuses on partnering with management teams and clients of HSBC Bank in management buyout, replacement capital and development capital opportunities with an equity requirement from £10 million and enterprise values of £20 to £300 million. HPE will consider opportunities in a wide range of sectors, including software, business services, energy services/equipment, and technology. HPE was formed in 2007 and is based in London, HSBC Capital has become Graycliff partners on Dec 2011.

DEAL STATS #
Overall 2 of 3
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (United Kingdom) 2 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 Amtech Group

Milton Keynes, United Kingdom

Amtech Group Ltd. is a producer of software products for the electrical and mechanical building services industry. Amtech range of software is designed specifically for the needs of building service engineers and contractors and includes the most well known brands in the industry including Amtech, Luckins and Estimation.

Sell £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Viking Moorings

Aberdeen, United Kingdom

Viking Moorings is a provider of mooring solutions to the oil and gas sector for key assets such as semi-submersible drilling rigs, drillships and floating accommodation platforms. The services which Viking provides include initial design and engineering assessments, computer modelling and simulation, procurement of equipment, mobilisation, equipment rental and demobilisation through to spooling and equipment testing. Viking Moorings was founded in 1985 and is based in Aberdeen, United Kingdom.

Sell -
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