EQT Fund Sells German Retailer To Sun European

Law360, New York (December 9, 2011, 2:32 PM EST) -- A fund associated with EQT Partners AB has sold German home products retailer Strauss Innovation to Sun European Partners LLP, the European affiliate of Sun Capital Partners Inc., for an undisclosed sum, EQT said Friday.

The Guernsey-based EQT Opportunity Fund — which bought the retailer in 2008 and executed a restructuring that closed underperforming stores, launched an online shop and returned Strauss to profitability — said Sun would attempt to grow its profits and its reach.

"Strauss represents a significant opportunity for sustainable growth. We look...
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