FORTUNE -- Paine and Partners is in talks to acquire frozen strawberry producer Sunrise Growers from Sun Capital Partners, according to an FTC filing.
Sunrise was founded more than 40 years ago, and provides both frozen and fresh strawberries and other fruit products to retailers, food-service operators and industrial customers (both branded and private-label). It also markets and distributes strawberries.
The Placentia, Calif.-based company was acquired by Sun Capital Partners in June 2008 from Heritage Partners, which had recapitalized the company five years earlier. The sale price reportedly was $32.5 million
Paine and Partners, whose portfolio includes other food companies like Icicle Seafoods, declined to comment. Messages left for a Sun Capital spokesman and Sunrise CEO Ed Haft have not yet been returned.
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Scooter Store has a big problem, but it's not really a private 'equity' problem.
FORTUNE -- Yesterday the FBI raided the Texas headquarters of The Scooter Store, a maker of motorized scooters for the elderly and disabled.
This was just the latest twist in the company's long-running trouble with the government, over alleged Medicare over-billing. For example, The Scooter Store agreed to pay $4 million -- and forego $13 million in claims MOREDan Primack - Feb 22, 2013 2:47 PM ET
Hostess may have a buyer.
FORTUNE -- Private equity firm Sun Capital Partners wants to buy bankrupt bakery Hostess Brands Inc., Fortune has learned.
The proposal would be to operate Hostess as a going concern, including reopening the shuttered factories and continuing union representation of Hostess workers.
Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery's creditors chose for an alternate reorganization plan that ultimately failed. Following Friday's MOREDan Primack - Nov 19, 2012 12:43 PM ET
Private equity firms will pay out $166 million, but will it change behavior?
FORTUNE -- Cerberus Capital Management and Sun Capital Partners are part of an investor group that has agreed to pay $166 million to creditors of Mervyn's, a now-defunct retailer carved out of Target Corp. (TGT) for $1.2 billion in 2004.
The suit had accused the private equity firms of fraudulent conveyance, stemming from their decision to separate the company's retail MOREDan Primack - Oct 9, 2012 4:14 PM ET
FORTUNE -- In June I wrote that Sun Capital Partners had agreed to acquire Goldmax USA, a Chicago-based operator of over 200 retail locations for selling gold and other precious metals. There was an FTC filing and everything.
But sources familiar with the situation tell me that Sun has since called off the deal. Unfortunately, those same sources declined to explain why. And neither Sun nor GoldMax are talking.
Did Sun find something MOREDan Primack - Aug 2, 2012 4:44 PM ET
Private equity firm looks to capitalize on the 'cash for gold' trend.
FORTUNE -- Gold and silver prices might have leveled off from last fall's heights, but Sun Capital Partners still thinks there is a fortune to be made from one of the nation's larger "cash for gold" outfits.
The Boca Raton, Fla.-based private equity firm quietly has agreed to acquire GoldMax USA, a Chicago-based operator of over 200 retail locations for selling MOREDan Primack - Jun 18, 2012 12:44 PM ET
Private equity firm Sun Capital Partners is beginning to talk to investors about plans for its sixth fund, Fortune has learned.
The Boca Raton, Fla.-based firm plans to target $3 billion, with formal fundraising to kick off just after Labor Day 2012 and a final close slated for early 2013. That's just half of what Sun raised for its fifth fund in early 2007, even though the firm later cut the fund MOREDan Primack - Dec 7, 2011 3:12 PM ET
Friendly's has a lot of problems. But the biggest one is at the heart of its business.
Family restaurant chain Friendly's is expected to file for Chapter 11 bankruptcy protection next week, just three years after being acquired by private equity firm Sun Capital Partners for $216 million (including assumed debt).
There is a lot of blame to go around, including the sluggish economy, rise of fast-casual alternatives and the chain's inability MOREDan Primack - Sep 30, 2011 3:55 PM ET
Sun Capital Partners wants to lead a $4 billion deal for UK bank branches. But not that Sun Capital Partners.
This morning came reports that Sun Capital Partners is among several firms to reach the second round of bidding for 630 Lloyds Banking Group branches, which could be valued at more than $4 billion.
But something about the news just didn't sit right. Florida-based Sun is known for focusing on lower mid-market MOREDan Primack - Aug 22, 2011 2:21 PM ET
Private equity firm Sun Capital Partners last week sold bagel chain Bruegger's Enterprises to Le Duff America, the North American subsidiary of France's Groupe Le Duff SA. No financial terms were disclosed, but a source says the deal gave Sun around a 13x return on its original 2003 investment, and an internal rate of return (IRR) in excess of 30%.
Steve Liff, who leads Sun's New York and Los Angeles deal teams, took MOREDan Primack - Mar 21, 2011 4:50 PM ET
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