Sun Capital Company Does Add-On

Sun Capital, a turnaround buyout shop located in Boca Raton, Fla., has through portfolio company Nur Die Group, acquired the assets of Vatter GmbH, a Garman hosiery company and supplier to Nur Die Group.

Press release: We are pleased to announce that the Nur Die Group, part of the DBApparel Group, an affiliated portfolio company of Sun Capital Partners, Inc., has acquired selected assets of Vatter GmbH (“Vatter”), headquartered in Schongau, Germany. The purchase price was funded entirely through existing internal DBApparel financing sources.

Vatter, a leading hosiery company and major supplier to the Nur Die Group, filed for insolvency in July 2008. In the acquisition agreement, Nur Die agreed to transfer the acquired Vatter assets to a new company called Belfein GmbH (“Belfein”) which will operate as a subsidiary of Nur Die. Belfein will operate a knitting facility in Schongau, Germany and a finishing plant in Cadca, Slovakia, employing approximately 750 people. The acquisition is expected to reinforce Nur Die’s supply chain and provide them with a competitive market position given Vatter’s high quality production capabilities.

The Nur Die Group is a major marketer of hosiery, socks, and intimate apparel under the brands “Nur Die”, “Elbeo”, and “Bellinda” in Germany and Central Europe and is part of the DBApparel Group, the largest marketer of intimates (women), underwear (men), and legwear in Europe.

About Sun Capital: 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 our in-house operating professionals and experience. Sun Capital affiliates have invested in and managed over 200 companies worldwide since its inception in 1995, with combined sales in excess of $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.