Appellate court reverses district courts finding private. On remand, in 2016, the district court held that sun fund iv was also engaged in a trade or business and additionally. Still, it remains a major investor in the industry. The first circuits recent decision in sun capital partners iii, lp v. A global private equity firm focused on identifying companies untapped potential and leveraging its deep operational resources to transform results. Sun european partners, llp is authorised and regulated by the financial conduct authority. Although not a game changer, sun capital court reverses lower. On november 22, 2019, in a factspecific ruling, the u.
We look to invest in industries which are undergoing significant structural change andor are unfashionable. Sun capital partners limited was founded in 2001 by hugh osmond it is located on portman mews south in marble arch, central london. Sun capital partners is a global private equity firm focused on identifying companies untapped potential and leveraging its deep operational and financial resources to transform results. However, fund iii only owned 30%, and sun capital partners iv, lp fund iv only owned 70%, of scott brass, inc. The sun funds are overseen by general partners, sun capital advisors iii, lp and sun capital advisors iv, lp. Always open for new business opportunities we actively search for business partners. Apr 01, 2016 a federal district court has ruled on remand from the first circuit in the case of sun capital partners iii, et al.
Funds managed by sun capital partners closed and liquidated funds managed by sun capital partners. Sun european partners, llp is a leading private investment advisory firm, focused on identifying companies untapped potential and leveraging its deep operational and financial resources to transform results. Home sun european partners, llp private equity firm. Sun capital decision implicates private company investing.
Sun capital partners affiliate agrees to acquire dental. Sun capital partners is a global private equity firm which identifies companies untapped potential. Reviews from sun capital partners employees about sun capital partners culture, salaries, benefits, worklife balance, management, job security, and more. Sun capital partners restructuring of 6 companies the sca. Sun capital partners limited is a british private equity firm headquartered in central london history. Leder and krouse are each limited partners in the sun funds general partners and, together with their spouses, are entitled to 64.
Executive chairman, north america of kinetic consulting, a leading strategy and leadership consulting. Experienced team of investment and operational professionals with the resources to analyse, and transform results. On appeal from the united states district court for the district of massachusetts. Dennis w shuler executive advisory board member springbuk. On friday november 22, the court of appeals for the first circuit reversed a district courts finding that sun capital partners iii and sun capital. About sun european partners, llp private equity firm. Jims primary responsibility is working with portfolio companies to maximize value, which he has done throughout his career across a broad range of specific business situations including rapid expansions, carveouts, strategic acquisitions, business. The companys filing status is listed as currentactive and its file number is 0684928. The latest litigation news involving the company sun capital partners inc. We tend to work on a project for a substantial time, investing expertise, as well as money, to ensure that our businesses. Federal court finds investment funds not liable for portfolio.
We take executive positions in the companies in which we invest where our skill set can improve the underlying business and grow it into a market leading player. Sun capital partners is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in marketleading companies that can benefit from its inhouse operating professionals and experience. The issue on appeal is whether two private equity funds, sun capital partners iii, lp sun fund. Allen is an operating partner of palm beach capital and has been with the firm since 2019. Does anybody know anything about sun capital partners out of boca raton, fl. Client alert the latest decision in the sun capital litigation provides some welcome news for private equity fund sponsors. Tabulating the mere numerical ownership interests in fund iii 30% and fund iv 70% a controlled group relationship did not exist because. Recent sun capital decision provides welcome relief but leaves uncertainty. Since 1995, sun capital has invested in more than 375 companies worldwide across a broad range of industries and. Sun capital partners is a global private equity firm focused on identifying companies untapped potential and leveraging its deep operational and financial. Sun capital significant decision imposes alter ego.
Sun capital partners v is a closed private equity fund managed by sun capital partners. December 2, 2019 download pdf in the latest turn in the sun capital litigation, the first circuit court of appeals reversed the 2016 decision of the district court for massachusetts, and held that three private equity funds managed by sun capital were not liable for erisa withdrawal liability owed by a bankrupt portfolio company to a multiemployer pension plan. New england teamsters and trucking industry pension fund sun capital, the funds sought a declaratory judgment that they were not liable to the pension fund for the payment of withdrawal liability stemming from the bankruptcy of an employer in. Additional reporting by mike curley and matt chiappardi. Sun capital partners boca raton, fl wall street oasis. Sun capital works on keeping good relations with our resellers providing them with free sales and technical trainings, marketing tools and any other necessary instruments. Sun european is a trusted partner that is recognised for its investment and operational experience, including particular expertise in. Sun capital private equity investment funds were not liable for the multiemployer plan withdrawal. Sun capital partners announces promotions for several key.
Sun capital partners blogs, comments and archive news on. Sun capital partners latest breaking news, pictures, videos, and special reports from the economic times. Recent sun capital decision reverses lower courts ruling. Each of the sun funds also raises and pools investor money from its limited partners the green oval. Sun capital is a trusted partner that is recognized for its investment and. I have been working at sun capital partners fulltime for more than 10 years pros sun capital has a great culture, where its founders constantly work toward maximizing the returns for its lps and improving the career experience for its employees.
Recent sun capital decision provides welcome relief but leaves. The registered agent on file for this company is miller, kenneth d and is located at 300 n greene st, ste 1750, greensboro, nc 27401. Appellate court reverses district courts finding private equity. On friday november 22, the court of appeals for the first circuit reversed a district courts finding that sun capital partners iii and sun capital partners iv. I assume they are a boutique firm, they have all of their associates, vps, and mds profiles posted on their site, of course 95% of the people at the firm are from top 20 schools, so i thought that said something about. Court of appeals for the first circuit in sun capital partners iii, lp v. The company, which was founded in 1995 and has invested in 350 companies since, has long been known for its portfolio of chains that includes. Sun european partners, llp is the european adviser to u. How we invest our expertise sun capital partners is a specialist provider of capital and management expertise, focused on the long term restructuring and consolidation of underperforming industries.
Sun capital partners iv, lp, plaintiffsappellees, v. The sca expert was able to stabilize six companies and create sustainable strategies for. Sun capital partners is a private equity general partner firm headquartered in boca raton, fl, united states and has other offices in china and united states. Court of appeals for the first circuit held that two separate, but related sun capital partners inc. A recent decision from the first circuit court of appeals in sun capital partners iii, lp v. New england teamsters and trucking industry pension fund 1st cir. Sun capital partners buys meter and analytics firm aclara for. District court for the district of massachusetts the district court delivered a controversial opinion in sun capital partners iii, lp v. A federal district court has ruled on remand from the first circuit in the case of sun capital partners iii, et al.
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