Sunrise Growers to be sold

• Sun Capital's Scooter Store situation

  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 MORE

  Dan Primack - Feb 22, 2013 2:47 PM ET
  Posted in: Private Equity, Scooter Store, Sun Capital Partners

• Exclusive: Sun Capital wants to buy Hostess

  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 MORE

  Dan Primack - Nov 19, 2012 12:43 PM ET
  Posted in: Hostess, Marc Leder, Private Equity, Sun Capital Partners

• What does the Mervyn's settlement mean?

  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 MORE

  Dan Primack - Oct 9, 2012 4:14 PM ET
  Posted in: Cerberus, Mervyn's, Private Equity, Sun Capital Partners

• Let's not make a deal: Sun bails on GoldMax

  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 MORE

  Dan Primack - Aug 2, 2012 4:44 PM ET
  Posted in: GoldMax, Private Equity, Sun Capital Partners

• Sun Capital giving cash for GoldMax

  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 MORE

  Dan Primack - Jun 18, 2012 12:44 PM ET
  Posted in: GoldMax, Private Equity, Sun Capital Partners

• Sun Capital plans smaller fund

  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 MORE

  Dan Primack - Dec 7, 2011 3:12 PM ET
  Posted in: Private Equity, Sun Capital Partners

• Cream kills: The Friendly's spiral

  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 MORE

  Dan Primack - Sep 30, 2011 3:55 PM ET
  Posted in: Friendly's, Private Equity, Sun Capital Partners

• Which 'Sun Capital' is bidding for Lloyds branches?

  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 MORE

  Dan Primack - Aug 22, 2011 2:21 PM ET
  Posted in: Lloyds, Private Equity, Sun Capital Partners

• How the Sun heated up bagel chain Bruegger's

  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 MORE

  Dan Primack - Mar 21, 2011 4:50 PM ET
  Posted in: Bruegger’s, Private Equity, Sun Capital Partners