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M&A Deal Summary

Sun Capital Partners Acquires Tenax

On May 31, 2022, private equity firm Sun Capital Partners acquired communications company Tenax

Acquisition Highlights
  • This is Sun Capital Partners’ 2nd transaction in the Communications sector.
  • This is Sun Capital Partners’ 3rd transaction in Italy.

M&A Deal Summary
Date 2022-05-31
Target Tenax
Sector Communications
Buyer(s) Sun Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Clearwater International (Financial)

Target

Tenax

Volargne, Italy
Tenax is a manufacturer of chemical products, abrasives, and tooling for the treatment of natural stone, engineered stone, and ceramic tiles. Two basic factors need to be taken into account when dealing with surfaces in quartz, natural stone, and ceramic: innovation in terms of knowledge, with specific skills in using materials, and innovation in terms of technology, thanks to research and the use of cutting-edge products to ensure maximum effectiveness over time. Tenax was founded in 1956 and is based in Volargne, Italy.

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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 165 of 171
Sector: Communications M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 74 of 75
Country: Italy M&A 3 of 3
Year: 2022 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 DD

Witham, United Kingdom

DD is a full-service supplier of dental supplies, equipment. DD supply over 12,000 UK practices with an extensive range of dental products and supplies and our services cover everything you need to run a successful practice including training, compliance, equipment servicing and maintenance. DD is based in Witham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Andersen Commercial Plumbing

La Verne, California, United States

Andersen Commercial Plumbing is a provider of turnkey plumbing and HVAC services including maintenance and repair, tenant improvement, and new build solutions. Andersen Commercial Plumbing was founded in 1993 and is based in La Verne, California.

Buy -
Mergr

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