Sun Capital Unit Buys UK Retailer Bonmarche

Law360, New York (January 23, 2012, 2:39 PM EST) -- An affiliate of private equity firm Sun Capital Partners Inc. has bought U.K. discount retailer Bonmarche Ltd. for an undisclosed sum, the clothing chain's insolvency administrator said Monday.

Sun European Partners LLP acquired the chain's 389 stores after KPMG LLP was tapped as Bonmarché's administrator on Friday. The sale excludes a handful of the chain's stores and a few employees.

"Given the hostile conditions on the high street, we're pleased to have concluded a sale with Sun European Partners," said KPMG restructuring partner Chris Laverty....
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