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Management Side
Sun Capital Partners Acquire Controlling Interest in Lang Holdings
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Delafield, Wisconsin, USA, 01 November 2009 -- An affiliate of Sun Capital Partners, Inc., has acquired a controlling interest in Lang Holdings, Inc. through a sale under Section 363 of the Bankruptcy Code. The purchase price was bridged by an affiliate of Sun Capital Partners, Inc.

To facilitate the restructuring process and sale of Lang as an ongoing business, an affiliate of Sun Capital provided the debtor-in-possession loan facility (DIP) upon the bankruptcy filing. An affiliate of Sun Capital then partnered with Catterton Partners, Inc. as the stalking horse bidder.

Lang, headquartered in Delafield, Wisconsin, is a leading supplier of art, design, and sports driven calendars (second largest participant in the U.S. calendar industry), back-to-school products, greeting cards, and stationery. Its products are sold in gift, specialty, mass merchandiser markets, and on the Lang company Web site.

Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed over 210 companies worldwide since its inception in 1995, with combined sales in excess of USD 40 billion. Sun Capital has offices in Boca Raton, Los Angeles, and New York, and affiliates with offices in London, Shanghai, Shenzhen, Paris, and Frankfurt.

 

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