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Trending on peHUB this week: Glenn Beck fundraising for TheBlaze, Spectrum Equity raising another $1 billion fund, and VCs getting excited about real estate websites.


Sun Capital sells Manoir to Lisi Group

Sun Capital has sold Manoir Aerospace to Lisi Group. No financial terms were disclosed. Lincoln International advised Sun Capital on the transaction. Manoir is a provider of aerostructure and aeroengine components for the aerospace sector.

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Top 10 posts

Trending on peHUB this week: SEC scrutiny of PE funds, hedge funds piling into venture rounds, Warburg Pincus energy fund, Sun Capital, Cornerstone, PE interest in LA Clippers, Hawthorne Leisure, Greene King, Prosper, Lindsay Goldberg, First American Payment, and jobs at JPMorgan, Montana and SCG.

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Top 10 posts

Trending on peHUB this week: Sun Capital, Riverstone, Carlyle, ERS, State Street, Fortress, NYC Comptroller, TPG, Jerome Nycz, General Atlantic, Golden Gate, Vista Equity.


H.I.G. Capital’s Integrity Nutraceuticals buys Cornerstone from Sun Capital

Integrity Nutraceuticals, a portfolio company of H.I.G. Capital, has acquired Cornerstone Research & Development from Sun Capital. No financial terms were disclosed. Houlihan Lokey was the exclusive financial advisor to Cornerstone on the transaction. Based in Ogden, Utah, Cornerstone is a producer of capsule, tablet and powder products.


Ruling Against Sun Capital Could Have Wider Private Equity Impact

In a court case that could add a new risk factor to some deals, the First Circuit Court of Appeals last month ruled in favor of the New England Teamsters and Trucking Industry Pension Fund, which argued that two investment funds managed by Sun Capital Partners were liable for $4.5 million in pension liabilities for Scott Brass Inc., a Sun Capital portfolio company that want bankrupt in 2008, according to Buyouts, peHUB’s sister magazine.

peHUB First Read

MF-ed: MF Global seeks 11th hour buyer

FtOrReEeSsT: Facebook stock auction goes down via SecondMarket (but, that really doesn’t matter)

The Price is Wrong, Bob: Groupon may up IPO price

The “No Duh!” Fee: Healthcare providers to up smokers’ costs

Here’s to You! CalSTRS bonuses up on big gains

Steve Jobs’ last words

Problem Solved? The cleantech challenge

Falling for VC: A captivated

Scraping the Barrel: Too many start-ups, not enough funds

Prime Time: Mendix start-up first round in the bag

Blog Happy: Blogging value soars in top 25 most valuable list

Boosting Women in Bio: Greater Boston targets the fairer sex in biotech hotbed

NBNK Puts in Second Round Bid for Lloyds Branches

British bank venture NBNK has submitted a second-round bid for about 630 Lloyds bank branches, Reuters reported Wednesday. Sun Capital and Co-Operative Financial Services have yet to put in second-round offers. The branches – put up for sale following a British government bailout during the credit crisis – are expected to fetch some 1.5 billion pounds ($2.3 billion). Britain ended up with a 40.6% stake in Lloyds following the bailout, Reuters wrote.

Poll Results: John Doerr Is Ready for Reality TV

I hope John Doerr has an agent.

The Kleiner Perkins partner emerged the winner of yesterday’s poll. Thirty-seven percent of voters picked Doerr as the most deserving to get his own reality TV show. Mark Leder, Sun Capital’s co-CEO, placed a close second with 31.3%.

The biggest surprise? Stephen Schwarzman, Blackstone’s chairman and CEO, who ran a very distant fourth for much of the day only to rally late Thursday (at one point Schwarzman was running neck-in-neck with Doerr for the lead). But Schwarzman didn’t prevail. He ended up a respectable third with 25.4%. DFJ Esprit’s Simon Cook, meanwhile, came in last with 6% (sorry Simon!).


Sun Capital Completes Vitro Deal

American Glass Enterprises, an affiliate of Florida-based private equity firm Sun Capital Partners, has completed the acquisition of the assets of Vitro America via a 363 bankruptcy sale. Vitro America serves construction and auto replacement markets with architectural glass and aluminum products, and is based in Memphis, Tennessee. Morgan Joseph served as investment banker to Vitro America on the transaction, which also involved raising approximately $35 million in debtor-in-possession financing.

Liz Claiborne In Talks to Sell Mexx Brand

Liz Claiborne Inc. is in talks with private equity firms to sell its Mexx brand, Reuters reported, citing Bloomberg. Leonard Green & Partners, Sun Capital and Golden Gate Capital are among the firms exploring the sale. According to Bloomberg, the Mexx business fetch about $100 million.

Sun Capital Wraps Exopack Recap

Sun Capital Partners recapitalized its Exopack Holding Corp., packaging company. The recapitalization transaction included a private placement for $235 million at 10% due 2018 and a six-year $350 senior secured term loan facility. Mesirow Financial advised Exopack in the transaction.

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