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Capital
Sequel believes that selective investment opportunities in distressed
situations, when matched with a sound and well-executed turnaround strategy,
can and will generate dramatic returns for investors. Sequel is building a
portfolio of strategic relationships providing access to capital for
distressed opportunities with investment potential, including:
Sun Capital Partners
Sun Capital Partners is teaming with Sequel to identify and potentially
invest in distressed businesses where, at the discretion of Sun Capital's
management, superior investment returns can be achieved by combining the
resources and expertise of both firms.
Sun Capital is a prominent private equity investor focused on conventional
leveraged buyouts as well as investments in financially distressed companies
with strong operating characteristics. Sun Capital targets businesses
ranging from $50-$500 million in annual revenues with leading market
positions, long-term competitive advantages, and/or significant barriers to
entry. Potential acquisition candidates include private businesses,
divisions of larger companies, and publicly-traded companies. Sun Capital
also acquires under-performers, turnarounds, and complex situations from
bank workout groups, Chapter 11 proceedings, and other private investment
firms.
As of September 2001, Sun Capital had invested in approximately 30 companies
with combined sales in excess of $2.0 billion. The firm's distressed
investment/turnaround portfolio includes: Catalina Lighting, the Miami
Lakes, FL maker of lamps and yard lights; Smart Papers, restructured from
International Paper's Hamilton, OH operations; Labtec, a Portland, OR-based
maker of computer speakers, headphones, microphones and other peripherals;
and Carolina Mirror Company, one of the nation's oldest and largest
manufactures of mirrored glass, decorative mirrors, and framed arts. Sun
Capital's new investments are made through Sun Capital Partners II, LP, a
$200 million fund raised in April 2001 from leading fund-of-funds investors,
university endowments, pension funds, financial institutions, and high net
worth individuals, families and trusts.
Watermill Ventures
Watermill Ventures is a private holding company with strong roots in
financially distressed opportunities, having owned and operated businesses
with more than $1 billion in consolidated sales. Leveraging its successful
20+ year track record, Watermill targets opportunities with an overriding
focus on strategy, investing primarily its own capital along with select
minority partners.
Koda Group
KODA is a private equity firm which acquires companies that are or have
the
potential to be market leaders. Leveraging extraordinary financial and
investment banking relationships, KODA seeks to help its portfolio
companies
grow and prosper. In addition, because KODA does not have any outside
investors, KODA is able to bring a long-term perspective to maximize
success.
Wellfleet Capital Partners
Wellfleet Capital is a private merchant banking firm that seeks to build
companies of extraordinary value in partnership with shareholders and
management teams. Wellfleet brings a unique blend of executive,
operational, and board level expertise, serving as a catalyst and a source
of unbiased intellectual and operational resources for managements and
shareholders.
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