Investment Summary

Sun Capital Partners and Lion Chemical Partners Exits Sonneborn

On March 30, 2012, private equity firm One Equity Partners invested in chemicals company Sonneborn from Sun Capital Partners and Lion Chemical Partners

Investment Highlights
  • This is One Equity Partners’ 4th transaction in the Chemicals sector.
  • This is One Equity Partners’ 24th transaction in the United States.
  • This is One Equity Partners’ 2nd transaction in New Jersey.
Investment Fate
  • Sonneborn was sold to a publicly-traded strategic buyer in 2018 for 655M USD.

Investment Summary

Date 2012-03-30
Target Sonneborn
Sector Chemicals
Investor(s) One Equity Partners
Sellers(s) Sun Capital Partners
Lion Chemical Partners
Deal Type Secondary Buyout

Target

Sonneborn

Parsippany, New Jersey, United States
Sonneborn LLC is a provider of white oils, petrolatums, waxes, and other hydrocarbon specialty products such as creams and lotions, cosmetics, and pharmaceutical ointments. Sonneborn is based in Parsippany, New Jersey.

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Investor(S) 1

Investor

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 43 of 138
Sector: Chemicals M&A 4 of 6
Type: Secondary Buyout M&A Deals 3 of 24
State: New Jersey M&A 2 of 5
Country: United States M&A 24 of 82
Year: 2012 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-22 AMAG Austria Metall

Ranshofen, Austria

AMAG Austria Metall producer of primary aluminum and high-quality cast and rolled aluminum products. AMAG Austria Metall was incorporated in 1939 and is based in Ranshofen, Austria.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Vertrue

Norwalk, Connecticut, United States

As a leading internet direct response marketing company, Vertrue partners with eCommerce companies to allow them to sell additional products and services to their customers and to enhance customer loyalty.

Sell -

Seller(S) 2

SELLER

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 33 of 131
Sector: Chemicals M&A 1 of 6
Type: Secondary Buyout M&A Deals 7 of 34
State: New Jersey M&A 1 of 4
Country: United States M&A 27 of 90
Year: 2012 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Fluid Routing Solutions

Southfield, Michigan, United States

Fluid Routing Solutions designs and manufactures innovative, highly-engineered fuel management and fluid handling systems for major OEMs serving customers worldwide. Fuel systems products include fuel filler assemblies, evaporation canisters, and coolant hoses. Fluid handling systems include power steering hose and hose assemblies and transmission oil cooler assemblies. Facilities are located in Florida, Michigan, South Carolina, Tennessee, and Quebec.

Sell $98M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-04 Certified Power

Mundelein, Illinois, United States

Certified Power is a distributor, designer, and assembler of hydraulic, pneumatic and electronic components and controls for both industrial and mobile applications and is a manufacturer of OEM driveshaft and precision power train components. Certified Power was founded in 1970 and is based in Mundelein, Illinois.

Buy -
SELLER

Lion Chemical Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Lion Chemical Partners is a private equity group focused on opportunities in the chemical and chemical-related sectors. The Firm looks for transactions valued greater than $100 million and generally targets 'under managed' businesses operating in well established markets with limited commodity exposure. Lion Chemical Partners was formed in 2001 and has offices in New York City and Houston.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-17 Excel Polymers

Solon, Ohio, United States

Excel Polymers LLC is a provider of customized thermoset elastomer (rubber) compounds and additives for various industrial applications.

Sell $214M