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  6. Sun Capital Partners Acquires Marsh Supermarkets

M&A Deal Summary

Sun Capital Partners Acquires Marsh Supermarkets

On September 1, 2006, private equity firm Sun Capital Partners acquired retailer Marsh Supermarkets for 325M USD

Acquisition Highlights
  • This is Sun Capital Partners’ 6th transaction in the Retail sector.
  • This is Sun Capital Partners’ 5th largest (disclosed) transaction.
  • This is Sun Capital Partners’ 30th transaction in the United States.
  • This is Sun Capital Partners’ 1st transaction in Indiana.
Investment Fate
  • Marsh Supermarkets went bankrupt in 2017.

M&A Deal Summary
Date 2006-09-01
Target Marsh Supermarkets
Sector Retail
Buyer(s) Sun Capital Partners
Deal Type Going Private
Deal Value 325M USD
Advisor(s) Solomon Partners (Financial)

Target

Marsh Supermarkets

Indinanapolis, Indiana, United States
Marsh Supermarkets operates supermarkets under such well-known brands as Marsh Supermarkets, Hometown Markets, LoBill Foods, Arthur’s Fresh Markets, O’Malia Food Markets. The Company also operates McNamara Florist and Enflora Flowers for Business.

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Buyer(S) 1

Buyer

Sun Capital Partners

Boca Raton, Florida, United States

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 35 of 171
Sector (Retail) 6 of 29
Type (Going Private) 2 of 6
State (Indiana) 1 of 6
Country (United States) 30 of 118
Year (2006) 12 of 15
Size (of disclosed) 5 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 VPS Convenience Store Group

Wilmington, North Carolina, United States

Village Pantry/ Worsley ('VP C-Store Holding') is an operator of over 400 convenience stores in Indiana, Ohio, and North and South Carolina under the Village Panty, Scotchman, Youngs', S-E and Li'l Cricket names and sells premium fuel as well as its proprietary, Carolina Petro and Anytime Energy, and a large selection of convenience and snack foods.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Fazoli’s

Lexington, Kentucky, United States

Fazoli's is a franchisor and operator of Italian fast casual restaurants in the United States and is positioned to accelerate its growth in the expanding fast casual segment of the restaurant industry. Fazoli's was founded in 1988 and headquartered in Lexington, Kentucky.

Buy -
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