M&A Deal Summary

Sun Capital Partners Acquires Exadel

On March 4, 2021, private equity firm Sun Capital Partners acquired software company Exadel

Acquisition Highlights
  • This is Sun Capital Partners’ 1st transaction in the Software sector.
  • This is Sun Capital Partners’ 107th transaction in the United States.
  • This is Sun Capital Partners’ 13th transaction in California.

M&A Deal Summary
Date 2021-03-04
Target Exadel
Sector Software
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Exadel

Walnut Creek, California, United States
Exadel is a software engineering company that offers custom development services with R&D centers in North America and Eastern Europe. Exadel offers the specialized skills and product-development culture required to meet the needs of the most innovative enterprises. Exadel was founded in 1998 and is based in Walnut Creek, California.

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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 156 of 170
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 71 of 75
State (California) 13 of 16
Country (United States) 107 of 117
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 FFO Home

Fort Smith, Arkansas, United States

Furniture Factory Outlet (FFO Home) is a furniture retailer that provided the lowest prices to our customers day-in-and-day-out. The company operates 36 retail stores in Arkansas, Missouri, Oklahoma, and Kansas. FFO Home also manufactures bedding under the Comfort Coil and Natural Elements brands. The retailer offers superior value products priced below the competition and distinguishes itself by eschewing the showroom distribution model and allowing consumers to purchase products immediately from on-site inventory. FFO Home was founded in 1984 and is headquartered in Fort Smith, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-22 StonePoint Materials

Philadelphia, Pennsylvania, United States

StonePoint Materials is a producer of crushed stone, sand and gravel serving diverse end markets including infrastructure, commercial and residential construction, and energy. Operating across eight states, StonePoint has approximately 8.0 million tons of annual aggregates production and offers complementary asphalt production and paving services in Tennessee and Kentucky. StonePoint operates several subsidiaries including Laurel Aggregates, Winn Materials, Southern Aggregates, and McIntosh Construction.

Sell $375M
Mergr

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