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2017 Highlights 2017 Year-End Summary

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2017 Highlights 2017 Year-End Summary 2017 HIGHLIGHTS 2017 YEAR-END SUMMARY 2017 came to an exciting close for Sun Capital Partners when we executed agreements to sell Aclara and Robertshaw, and received a binding offer to acquire Albéa*, all on the same day. Aclara, Albéa and Robertshaw are three of our largest portfolio companies, and have a combined enterprise value of $3.5 billion. This achievement would not have been possible without the commitment and dedication of our colleagues, portfolio company management teams and the support of our investors and intermediaries. FIRM OVERVIEW On the following pages, we are delighted to provide an update on our other accomplishments during 2017, including: Completing five platform acquisitions and eight add-on acquisitions Sun Capital Partners, Inc. is a global private equity firm focused Realizing over $1.0 billion of gross proceeds across the portfolio, driven on identifying companies’ untapped potential and leveraging its by four successful exits, numerous dividends and divestitures, bringing deep operational and financial resources to transform results. distributions to our investors to $4.8 billion over the past five years Sun Capital is a trusted partner that is recognized for its investment Completing 20 financings for approximately $3.2 billion, bringing our and operational experience, including particular expertise in the financings to a total of $11 billion since 2013 consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Promoting Lionel de Posson and Jordan Wadsworth to Managing Directors on Since 1995, Sun Capital has invested in more than 350 companies the Transactions Team worldwide with revenues in excess of $45 billion across a broad range of Looking ahead to 2018, we are confident that we will find good companies with industries and transaction structures. Sun Capital has offices in Boca Raton, the potential to be great, that can be transformed with the continued support Los Angeles and New York and affiliates in London and Shenzhen. and hard work of our teams. We look forward to another year of shared success. Marc and Rodger Co-CEOs * The proposed sales of Robertshaw and Albéa are subject to various contingencies, one or more of which may not be satisfied or waived. 2017 HIGHLIGHTS 1 2017 IN REVIEW 2017 IN REVIEW 5 PLATFORM ACQUISITIONS PLATFORM Company Name: Headquarters: ACQUISITIONS » 5 Ames Taping Tools United States Arrow Tru-line United States C&K United States ADD-ON Horizon Services United States ACQUISTIONS » 8 Windsor United States CAPITAL INVESTED » $324 Million 8 ADD-ON ACQUISITIONS Company Name: Headquarters: EXITS » 4 Casteel Air United States Bar Louie Development Group United States Butters Group United Kingdom REALIZED Gold Medal Service United States GROSS GEPMICI Philippines » $1.0 Billion Scotch & Soda Canadian Distributor Canada PROCEEDS Scotch & Soda Norwegian Distributor Norway Scotch & Soda Swedish Distributor Sweden PORTFOLIO COMPANY » Billion REVENUES $15 4 EXITS FINANCINGS Company Name: Headquarters: COMPLETED » $3.2 Billion Creekstone Farms United States Innocor United States Lexington Home Brands United States NextPharma Germany 2017 HIGHLIGHTS 2017 HIGHLIGHTS 2 3 OTHER 2017 PLATFORM ACQUISITIONS Industry: Industry: Building Products General Industrial Headquarters: Headquarters: SPOTLIGHT PLATFORM ACQUISITION United States United States Business Description: Business Description: Arrow Tru-Line C&K is AMES Taping Tools manufactures and one of the world’s most supplies hardware trusted brands of high- Industry: Building Products components for the North quality electromechanical American sectional switches Headquarters: United States overhead door market Business Description: AMES Taping Tools (“AMES”) is the nation’s leading provider of Automatic Taping and Finishing (ATF) tools, supplies and training to the professional drywall finishing industry Investment Overview: Opportunity to increase sales in regions with lower ATF tool usage rates, through training programs Industry: Industry: and tool rental promotions Business Services Retail Headquarters: Headquarters: Pricing and procurement opportunities United States United States Business Description: Business Description: Increase sales of supplies and accessories Horizon Services is the Windsor is a leading premier residential provider specialty retailer of plumbing, heating and air of event driven, conditioning fast fashion services for Delaware, women’s apparel, Pennsylvania, New Jersey, footwear, Maryland and Connecticut and accessories 2017 HIGHLIGHTS 2017 HIGHLIGHTS 4 5 OTHER 2017 ADD-ON ACQUISITIONS Development Group Industry: Industry: Industry: Restaurants Food & Beverage Business Services SPOTLIGHT ADD-ON ACQUISITION Acquired by: Acquired by: Acquired by: Bar Louie Flamingo Horticulture Horizon Services Headquarters: Headquarters: Headquarters: United States United Kingdom United States General Electric Philippines Meter & Instrument Co., Inc. (GEPMICI) Industry: General Industrial Acquired by: Aclara Canadian Distributor Norwegian Distributor and Franchisee and Franchisee Headquarters: Philippines Industry: Industry: Industry: Business Description: Business Services General Consumer General Consumer GEPMICI is the market leader for electric meters in the Philippines Acquired by: Acquired by: Acquired by: and is a joint venture between GE and Manila Electric Company (Meralco), Horizon Services Scotch & Soda Scotch & Soda the largest electric distribution company in the country Headquarters: Headquarters: Headquarters: United States Canada Norway Investment Overview: Opportunity to expand footprint in a market with low smart meter penetration Swedish Distributor Opportunity to enhance value proposition and Franchisee Opportunity to bolster international growth story Industry: by adding presence in Southeast Asia General Consumer Acquired by: Scotch & Soda Headquarters: Sweden 2017 HIGHLIGHTS 2017 HIGHLIGHTS 6 7 OTHER 2017 EXITS SPOTLIGHT EXIT Industry: Industry: Industry: Innocor Food & Beverage General Consumer Healthcare Headquarters: Headquarters: Headquarters: Industry: General Consumer United States United States Germany Headquarters: United States Business Description: Innocor is a designer and manufacturer of advanced foam products for commercial and retail channels Investment Overview: More than doubled EBITDA during ownership 2013-2017 PROCEEDS Completed the transformational add-on of Flexible Foam Products, driving synergies across purchasing, manufacturing and SG&A Improved production, shipping capacity, and delivery time to capitalize on strong market demand Implemented an Enterprise Resource Planning (“ERP”) system ILLION across all facilities providing the ability to report and ~$4.8 B manage the entire business on one common integrated system 2017 HIGHLIGHTS 2017 HIGHLIGHTS 8 9 2017 FINANCINGS SELECT 2017 FINANCINGS Financing Type: Financing Type: Financing Type: First Lien Term Loan Senior Secured Senior Secured Amount Financed: Amount Financed: Amount Financed: $105,000,000 $70,000,000 $461,000,000 & €388,000,000 FINANCINGS » 20 Financing Type: Financing Type: Financing Type: 2017 AMOUNT Asset Based Senior Secured Senior Secured FINANCED » $3.2 Billion Amount Financed: Amount Financed: Amount Financed: $15,000,000 DKK 208,000,000 $91,000,000 & €33,000,000 2013-2017 AMOUNT » Billion FINANCED $11 Financing Type: Financing Type: Financing Type: First Lien Term Loan Senior Secured Second Lien Term Loan Amount Financed: Amount Financed: Amount Financed: $420,000,000 & $81,000,000 $110,000,000 €482,000,000 2017 HIGHLIGHTS 2017 HIGHLIGHTS 10 11 INDUSTRY FOCUS SELECT CURRENT PORTFOLIO NORTH AMERICA EUROPE AMES Taping Tools BTX Group Arrow Tru-Line Bundy Bar Louie Dreams Boston Market Elix Polymers C&K Famosa ClearChoice Flabeg Coveris Flamingo Horticulture Demilec Flexitech FFO Home Fresh-Pak Chilled Foods Horizon Scotch & Soda Johnny Rockets Trulite Glass & Aluminium Smokey Bones CONSUMER INDUSTRIAL Windsor Fashions Consumer Products Aerospace & Defense Fashion & Apparel Automotive Food & Beverage Building Products Healthcare Business Services Restaurants Chemicals Retail & Direct Energy, Oil & Gas to Consumer General Industrial Packaging *Full list of portfolio companies at www.suncappart.com 2017 HIGHLIGHTS 2017 HIGHLIGHTS 12 13 TRANSACTION MANAGING DIRECTORS GLOBAL FOCUS AND FOOTPRINT BOCA RATON LOS ANGELES 5200 Town Center Circle, 4th Floor 11111 Santa Monica Blvd, Suite 1050 Boca Raton, FL 33486 Los Angeles, CA 90025 M. Steven Liff Daniel Florian Matthew Garff Senior Managing Director Managing Director Managing Director OFFICES [email protected] [email protected] [email protected] » 5 COUNTRIES » 3 CONTINENTS » 3 Jeremy Stone Jordan Wadsworth Managing Director Managing Director [email protected] [email protected] EMPLOYEES » NEW YORK 135+ 100 Park Avenue, 33rd Floor New York, NY 10017 Jonathan Borell Jared Wien Aaron Wolfe Todd Plosker Managing Director Managing Director Managing Director Managing Director [email protected] [email protected] [email protected] Head of Capital Markets [email protected] 2017 HIGHLIGHTS 2017 HIGHLIGHTS 14 15 CONTACT US BOCA RATON LONDON* Sun Capital Partners, Inc. Sun European Partners, LLP 5200 Town Center Circle, 4th Floor 2 Park Street, 1st Floor Boca Raton, FL 33486 London W1K 2HX 561.394.0550 +44 207.318.1100 NEW YORK SHENZHEN* Sun Capital Partners, Inc. Sun Capital Partners Sourcing, LLC 100 Park Avenue, 33rd Floor
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