Sun Capital Saves Chunk Of UK Bed Seller From Bankruptcy

Law360, New York (March 6, 2013, 1:01 PM EST) -- The European affiliate of Sun Capital Partners Inc. has scooped up the bulk of flagging British bed retailer Dreams PLC, snagging 171 of the chain's 276 stores to give it a boost as it wades through insolvency proceedings, administrators from Ernst & Young said Wednesday.

Financial terms of the deal were not disclosed, but several U.K. outlets pegged the purchase price at £35 million — a price drastically lower than when the company's founder sold it to Exponent Private Equity for upwards of £200 million in...
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