M&A Deal Summary

Sun Capital Partners Acquires Dreams

On March 7, 2013, private equity firm Sun Capital Partners acquired retailer Dreams from Exponent Private Equity and Ardian

Acquisition Highlights
  • This is Sun Capital Partners’ 23rd transaction in the Retail sector.
  • This is Sun Capital Partners’ 16th transaction in the United Kingdom.
Investment Fate
  • Dreams was sold to a publicly-traded strategic buyer in 2021 for 475M USD.

M&A Deal Summary

Date 2013-03-07
Target Dreams
Sector Retail
Buyer(s) Sun Capital Partners
Sellers(s) Exponent Private Equity
Ardian
Deal Type Secondary Buyout

Target

Dreams

High Wycombe, United Kingdom
Dreams is a bed and mattress specialist retailer. Dreams offer a broad selection of the latest products in the bedding segment. Dreams’ product offering includes mattresses, divans, bed frames, headboards, in addition to a select range of furniture products and associated bedding. Dreams was founded in 1985 and is based in High Wycombe, United Kingdom.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


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 114 of 172
Sector: Retail M&A 23 of 29
Type: Secondary Buyout M&A Deals 21 of 45
Country: United Kingdom M&A 16 of 26
Year: 2013 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-20 Lee Cooper Group

London, United Kingdom

Lee Cooper is a designer, manufacturer and marketer of branded jeans, clothing, accessories, and footwear.

Sell $72M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-20 Sunrise Growers-Frozsun Foods

Placentia, California, United States

Sunrise Growers-Frozsun Foods, Inc. is a supplier of frozen strawberry products as well as a distributor and marketer of fresh strawberries. Sunrise sells under its own brands as well as through its customers' private label programs.

Sell -

Seller(S) 2

SELLER

Exponent Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Exponent is a private equity firm focused on acquiring middle-market businesses located in the UK and broader Europe. Exponent targets opportunities in the media, business and financial services, healthcare, consumer, and leisure sectors. The Firm seeks to invest in businesses valued from €150 to €500 million. Exponent has a particular interest in businesses that are prominent in their respective markets, but may benefit from or need operational improvement. Exponent Private Equity was formed in 2004 and is based in London.


DEAL STATS #
Overall 6 of 26
Sector: Retail M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 16
Country: United Kingdom M&A 6 of 23
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-25 HSS Hire

Manchester, United Kingdom

HSS Hire is a national supplier of tools, equipment and related services. HSS is a tool and equipment hire chain that has been serving big businesses, trade and DIY customers since 1957. Operating under the banner of HSS Hire, the group has an established nationwide network with a 2,000-strong workforce and a fleet of over 500 liveried vehicles. HSS operates from a national network of 230 distribution centres and branches in UK and Ireland. HSS Hire was formed in 1957 and is based in Manchester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-21 ATG Entertainment

Woking, United Kingdom

ATG Entertainment is an owner and operator of theatres. The theatre portfolio is supported by in-house ticketing and production divisions. ATG Entertainment was founded in 1991 and is based in Woking, United Kingdom.

Sell $350M
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 64 of 248
Sector: Retail M&A 4 of 9
Type: Secondary Buyout M&A Deals 25 of 94
Country: United Kingdom M&A 4 of 16
Year: 2013 M&A 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-07 SOCOTEC

Guyancourt, France

SOCOTEC is a provider of inspection and risk management services in the fields of quality, health, safety and environment. Socotec has gradually and successfully diversified its product offering and is today present in a wide range of TIC ('Testing, Inspection and Certification') segments, focussing on asset preservation: equipment inspection, real estate diagnostics and testing and inspection within the Energy sector (notably Nuclear and Oil & Gas). SOCOTEC was founded in 1953 and is based in Guyancourt, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-11 Tekfor

Hausach, Germany

Tekfor engages in the development and production of pioneering solutions for transmissions, engines, drivelines, special applications, and safety fasteners. Tekfor Holding GmbH has nine manufacturing facilities across Germany, the US, Brazil, Mexico, and Italy. Tekfor is based in Hausach, Germany.

Sell -