M&A Deal Summary

Sun Capital Partners Acquires Flexitech

On October 28, 2015, private equity firm Sun Capital Partners acquired automotive company Flexitech from Mitsubishi

Acquisition Highlights
  • This is Sun Capital Partners’ 4th transaction in the Automotive sector.
  • This is Sun Capital Partners’ 5th transaction in France.

M&A Deal Summary

Date 2015-10-28
Target Flexitech
Sector Automotive
Buyer(s) Sun Capital Partners
Sellers(s) Mitsubishi
Deal Type Divestiture

Target

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.

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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 127 of 172
Sector: Automotive M&A 4 of 4
Type: Divestiture M&A Deals 22 of 24
Country: France M&A 5 of 5
Year: 2015 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-18 Hickory Farms

Chicago, Illinois, United States

Hickory Farms is a retailer, direct marketer and wholesaler of branded high-quality specialty food products and food gifts. Substantially all of these products, including specialty and smoked meats, cheeses and assorted complementary products, are sold under Hickory Farms-owned trademarks, each of which enjoys a market reputation for premium products, reasonable pricing, distinctive flavor and wholesomeness. Hickory Farms was founded in 1951 and is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

Mitsubishi

Tokyo, Japan

Category Company
Founded 1950
Sector Diversified
Employees62,062
Revenue 18.62T JPY (2025)
DESCRIPTION

Mitsubishi is a diversified holding company that engages in global environmental & infrastructure, business service, industrial finance, logistics & development, energy business, metals, machinery, chemicals, and living essentials business. Mitsubishi was founded in 1950 and is based in Tokyo, Japan.


DEAL STATS #
Overall 4 of 7
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 3 of 6
Country: France M&A 1 of 1
Year: 2015 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 d-rights

Tokyo, Japan

d-rights, Inc. is a provider of an entertainment content for various types of media.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Tasmanian Dairy Products Co. Pty

Smithton, Australia

Tasmanian Dairy Products Co. Pty Ltd. produces and processes milk and other dairy products. The company was incorporated in 2011 and is based in Smithton, Australia.

Sell -