An Affiliate of Sun European Partners, LLP Acquires Moben, Dolphin, Sharps & Kitchens Direct - the HomeForm Group.LONDON -- Sun European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Partners, LLP LLP - Lower Layer Protocol ("Sun European Partners"), the European adviser to Sun Capital Partners, Inc. ("Sun Capital"), today announced that one of its affiliates has acquired the HomeForm Group ("HomeForm" or "the Group"), UK's market-leading specialist retailer of fully-fitted home improvement products through its key brands Moben and Kitchens Direct (fitted kitchens fitted kitchen n → cocina amueblada fitted kitchen fit n (Brit) → cuisine équipée fitted kitchen fit (Brit) n ), Sharps (fitted bedrooms), and Dolphin dolphin, fish dolphin, large, swift game fish, Coryphaena hipparus, also called dorado. It is of nearly worldwide distribution in warm waters. (fitted bathrooms). The business operates from facilities in Manchester and Wolverhampton and has over 160 showrooms across the UK. Tony Vicente, Chief Executive, HomeForm Group, said: "This is a fantastic opportunity for HomeForm. With the backing of Sun Capital Partners, we now have the resources to expand our strategic operating objectives and deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. our penetration of the marketplace." Paul Daccus, Vice President, Sun European Partners, added: "We are delighted to have advised Sun Capital on the acquisition of the HomeForm Group. The Group has been highly successful in developing its range of leading UK home improvement brands and we are very excited about the potential for further expansion. HomeForm aims to offer all customers an even better experience and the Group is looking forward to a very busy Easter trading period. We strongly believe that the business is a great addition to Sun Capital's portfolio of market-leading companies." Sun Capital Partners is a leading global private investment firm with significant global retail and consumer products experience. Sun Capital affiliates have invested in more than 145 companies across the world, with combined sales in excess of [pounds sterling]17 billion (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 33 billion). These include well-known names such as the UK jeans company, Lee Cooper, and lingerie brands such as Playtex and Wonderbra. About the HomeForm Group HomeForm is the largest business in the UK selling kitchens, bedrooms, and bathrooms on a fully installed basis. Networks of designers visit every customer's home and design an installation that exactly meets customer needs. By providing a fully installed service, customers benefit from one point of service which covers all aspects of their purchase - design, product selection, delivery, and installation, thereby shortening lead times and still delivering consistent, guaranteed quality. About Sun European Partners, LLP Sun European Partners, LLP is the European advisor to Sun Capital Partners, Inc., a leading U.S.-based investment firm focused on leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , equity, debt, and other investments in market-leading companies that can benefit from its in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. operating professionals and experience. Sun Capital affiliates have invested in and managed more than 145 companies worldwide since Sun Capital's inception in 1995 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with combined sales in excess of USD 33 billion. For more information, please visit www.SunEuropeanPartners.com. |
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