M&A Deal Summary

Sun Capital Partners Acquires Flamingo

On October 14, 2015, private equity firm Sun Capital Partners acquired food company Flamingo from James Finlay International

Acquisition Highlights
  • This is Sun Capital Partners’ 10th transaction in the Food sector.
  • This is Sun Capital Partners’ 20th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-10-14
Target Flamingo
Sector Food
Buyer(s) Sun Capital Partners
Sellers(s) James Finlay International
Deal Type Divestiture

Target

Flamingo

Stevenage, United Kingdom
Flamingo is a vertically integrated horticultural business that grows, processes, packages, markets, and distributes cut flowers and premium prepared fresh vegetables. Customers include retailers such as Tesco, Marks and Spencer, Sainsbury’s and Waitrose, as well as other international customers. Flamingo is based in Stevenage, 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 126 of 172
Sector: Food M&A 10 of 10
Type: Divestiture M&A Deals 21 of 24
Country: United Kingdom M&A 20 of 26
Year: 2015 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 Flabeg

Nuremburg, Germany

Flabeg Deutschland GmbH is a supplier of high-performance automotive glass products. Flabeg develops optimum solutions for the widest range of glass and mirror applications worldwide and is the world’s leading manufacturer of mirrors for the automotive industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-28 Flexitech

Saint-Andre-le-Puy, France

Flexitech is a global designer and supplier of high quality brake hose products for the automotive industry. Flexitech was founded in 1960 and is based in Saint-Andre-le-Puy, France.

Buy -

Seller(S) 1

SELLER

James Finlay International

London, United Kingdom

Category Company
Founded 1750
Sector Food
DESCRIPTION

Finlays was founded in 1750.i has tea and horticultural interests in Kenya, South Africa and Sri Lanka, complemented by global trading, packaging and extraction activities. It’s primary markets are in the UK, USA, Asia and increasingly continental Europe.


DEAL STATS #
Overall 2 of 2
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 Autocrat

Lincoln, Rhode Island, United States

Autocrat LLC is a coffee roaster and manufacturer of extracts used as flavorings in a wide range of beverage and snack food markets.

Buy -