Sun Capital Partners’ European affiliate, Sun European Partners, has opened offices in Paris and Frankfurt, weeks after PEO reported the US firm’s expansion in Asia and New York.
“We’re growing to accommodate deal flow,” managing director Gary Talarico recently told sister magazine PEI Asia.
The turnaround-focussed private equity firm first established roots in the European market with the opening of its London office in July 2004.
“Since opening its office in London nearly four years ago, Sun European has grown significantly in terms of personnel and the number of transactions in which it has provided advice to Sun Capital,” Philip Dougall, a Sun European managing director, said in a statement. “The new Paris and Frankfurt offices will support Sun's heightened presence and expanded European platform, reflecting its strong commitment and confidence going forward in the European markets.”
The firm did not disclose who would lead the French and German offices.
Since its inception, Sun European has advised on 22 European private equity transactions, including 12 platform and 10 add-on acquisitions, the firm said. Sun Captial’s 12 European portfolio companies generate roughly $4 billion (€2.6 billion) in annual aggregate turnover.
The firm’s portfolio already includes several French companies, including DBA Apparel, a designer and manufacturer of male and female intimate apparel, and Manoir Industries, an industrial manufacturer of highly-engineered specialty metal components.
Sun Capital currently owns only one German enterprise, Neckerman.de, a mail order catalogue and internet retailer.
Headquartered in Boca Raton, Florida, the Marc Leder- and Rodger Krouse-led Sun Capital manages roughly $6 billion in capital.