Vestar Capital Partners has completed the sale of Sun Products to Henkel Consumer Goods, a subsidiary of Henkel (ETR: HEN), which sells adhesives, beauty care and laundry & home care products. The transaction, initially announced on June 24, is valued at $3.6 billion. This is just the latest in what has been an active year for the firm.
Just last month, Vestar agreed to sell its majority stake in Press Ganey (NYSE: PGND), a healthcare performance improvement company, to an affiliate of EQT Partners for $40.50 per share, or an approximate enterprise value of $2.35 billion. Also in August, the firm acquired Mobile Technologies, a provider of mobile device security and display technologies. The firm's other transactions this year include the sale of a majority stake in The StayWell Company to Healthcare Services & Solutions, a Merck subsidiary, and completed merger of Triton Container with TAL International.
PitchBook Platform users can get the full rundown of Vestar's investment and exit activity here.