M&A Deal Summary

Sun Capital Partners Acquires DuraFiber Technologies

On December 1, 2004, private equity firm Sun Capital Partners acquired apparel/textiles company DuraFiber Technologies

Acquisition Highlights
  • This is Sun Capital Partners’ 2nd transaction in the Apparel/Textiles sector.
  • This is Sun Capital Partners’ 16th transaction in the United States.
  • This is Sun Capital Partners’ 2nd transaction in North Carolina.
Investment Fate
  • DuraFiber Technologies was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2004-12-01
Target DuraFiber Technologies
Sector Apparel/Textiles
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

DuraFiber Technologies

Huntersville, North Carolina, United States
DuraFiber Technologies, Inc. is a producer of polyester fibers and fabrics for industrial and tire reinforcement applications.

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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 16 of 172
Sector: Apparel/Textiles M&A 2 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 75
State: North Carolina M&A 2 of 6
Country: United States M&A 16 of 118
Year: 2004 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-29 Mervyn s

Hayward, California, United States

Mervyn's was a retail department store that was formed in 1949. The retail chain featured national brands and carried a broad selection of items - from apparel to electronics.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 ThermaSys

Montgomery, Alabama, United States

ThermaSys Corp. is a manufacturer of low volume, short run, highly-engineered copper/brass and aluminum heat exchanger components and assemblies.

Buy -