M&A Deal Summary

Sun Capital Partners Acquires Complete Cover Group

On December 1, 2019, private equity firm Sun Capital Partners acquired insurance company Complete Cover Group from Darwin Private Equity

Acquisition Highlights
  • This is Sun Capital Partners’ 1st transaction in the Insurance sector.
  • This is Sun Capital Partners’ 21st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-12-01
Target Complete Cover Group
Sector Insurance
Buyer(s) Sun Capital Partners
Sellers(s) Darwin Private Equity
Deal Type Secondary Buyout

Target

Complete Cover Group

Surrey, United Kingdom
Complete Cover Group is an independent insurance broker providing great value, specialist insurance in the “non-standard” insurance market, helping customers find competitive quotes for car, van, home, and taxi insurance. Complete Cover Group is based in Surrey, 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 147 of 170
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 30 of 43
Country (United Kingdom) 21 of 26
Year (2019) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 National Tree

Cranford, New Jersey, United States

National Tree is an e-commerce wholesaler of seasonal and holiday décor, with a particular focus on the Christmas holiday. National Tree was founded in 1990 and is based in Cranford, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Cotton Holdings

Houston, Texas, United States

Cotton Holdings is an infrastructure support services company for public and private entities throughout the United States and internationally. Cotton provides property restoration and recovery, construction, roofing, consulting, temporary workforce housing and culinary services to public and private entities worldwide. Cotton Holdings is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Darwin Private Equity

Guildford, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 217M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Darwin Private Equity is an investment firm focused on buyout, buy-in, and turnaround investments in UK based companies. Darwin looks to hold majority positions in businesses valued between £10 and £100 million. Broad sectors of interest include consumer, industrial, media/technology, business services, and financial services. Darwin Private Equity was formed in 2007 and is based in London.


DEAL STATS #
Overall 9 of 9
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 8 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-12 Ask4

Sheffield, United Kingdom

Ask4 is a provider of high-speed internet solutions and managed data services for multi-tenant accommodation. ASK4 partners with universities, private sector student accommodation providers, residential apartment developers, and businesses. Ask4 was founded in 2000 and is based in Sheffield, United Kingdom.

Sell -