Sun Capital's 4.5x Frontier Spinning deal boosts 2013 realizations to record $1 bln-plus

Sun Capital Partners Inc ’s exit of North Carolina-based yarn maker Frontier Spinning Mills to American Securities earned it a return of 4.5x, according to a person familiar with the firm. The deal puts Sun Capital over the $1 billion mark in realizations to LPs for the first time in a single year.

ManagersDeals and Exits