M&A Deal Summary

Sun Capital Partners Acquires Hewden Stuart

On May 5, 2010, private equity firm Sun Capital Partners acquired business services company Hewden Stuart from Finning for 110M GBP

Acquisition Highlights
  • This is Sun Capital Partners’ 1st transaction in the Business Services sector.
  • This is Sun Capital Partners’ 6th largest (disclosed) transaction.
  • This is Sun Capital Partners’ 7th transaction in the United Kingdom.
Investment Fate
  • Hewden Stuart went bankrupt in 2016.

M&A Deal Summary

Date 2010-05-05
Target Hewden Stuart
Sector Business Services
Buyer(s) Sun Capital Partners
Sellers(s) Finning
Deal Type Divestiture
Deal Value 110M GBP

Target

Hewden Stuart

Manchester, United Kingdom
website
Hewden is an equipment rental company, providing equipment rental and contract management services to key businesses in virtually every sector of British industry. Equipment rental typically includes cranes, dumpers, excavators, access platforms and power generation tools.

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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 81 of 167
Sector (Business Services) 1 of 6
Type (Divestiture) 11 of 25
Country (United Kingdom) 7 of 25
Year (2010) 7 of 16
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-02 Bar Louie

Glenview, Illinois, United States

Bar Louie is a restaurant concept launched in 1991 with dozens of locations across the US - including Pittsburgh, Columbus, Foxborough, Washington DC, Tampa and Chicago. Uniquely positioned in the casual to upscale lunch and dining segment, Bar Louie is a progressively hip neighborhood restaurant and bar with a lively atmosphere.

Buy -

Seller(S) 1

SELLER

Finning

Vancouver, British Columbia, Canada

website


Category Company
Founded 1933
Sector Machinery
Employees13,188
Revenue 9.3B CAD (2022)
DESCRIPTION

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Vancouver, Canada.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-27 Collicutt Energy Services

Red Deer, Alberta, Canada

Collicutt Energy Services Ltd. is one of Canada's major businesses engaged in providing a turn key solution in the service and fabrication of natural gas compression, underbalanced drilling equipment, power generation systems, and oilfield equipment. Its operations span Western Canada and the Western United States with a modern manufacturing facility located in Red Deer, Alberta and 15 strategically located branch locations. All services are performed in-house allowing for a cost effective manufacturing process.

Buy CA$145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Caterpillar - Distribution Business

United Kingdom

Caterpillar - Distribution Business operates a construction, mining and agricultural machinery parts distribution center, includes facilities and inventory primarily in South America and Canada.

Buy $465M