Sun Capital’s First Ever Single-Asset Continuation Vehicle

Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced its affiliate has completed the closing of the Single Asset Continuation Vehicle of Fletchers Solicitors (“Fletchers”), a leading, UK-based clinical negligence and specialist personal injury law firm.

Founded in 1987, Fletchers' market leadership is built on a commitment to service, having represented over 50,000 clients in the last 10 years, and its competitive advantage is supported by its proprietary case-generation platform that provides a consistent stream of high-quality leads. Since Sun Capital’s initial investment in 2021, Fletchers has grown LTM EBITDA from £8.0M to £37.9M as of September 30, 2025, through organic growth, operating initiatives and 10 add-on acquisitions.

Sun Capital Founders Marc Leder and Rodger Krouse commented: “This transaction provides a choice to our valued Fund VII Limited Partners of either liquidity for this investment or participation in the expected continued growth in the value of Fletchers. The General Partner re-invested their entire investment plus made an incremental $10 million investment through its Sun Capital Star Fund secondaries fund. Sun Capital has also signed a definitive agreement to sell Anderson Global, a Fund VIII investment, into a single-asset continuation vehicle which is expected to close in the second or third quarter once regulatory approval is received. Sun Capital continues to be active with one platform investment, seven exits and a record 37 add-ons in 2025.”

Peter Haden, CEO of Fletchers said: “The completion of this continuation vehicle is an important milestone for Fletchers. It gives us the long-term support to keep investing in our people and our platform, so we can stand alongside individuals and families during some of the most challenging moments of their lives. It also allows us to extend that support to many more people affected by negligence or personal injury in the years ahead.”

“Since our partnership with Peter Haden and the Fletchers team in 2021, Fletchers has made improvements to the business, and we believe there is more growth to achieve. We are very pleased with this outcome and are looking forward to continuing to invest and grow the business with this additional capital,” said Alexander Wyndham, Managing Director at Sun European Partners, LLP, Sun Capital’s European adviser.

Houlihan Lokey served as the exclusive financial advisor to Sun Capital affiliates.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in over 570 companies worldwide with revenues in excess of $50 billion across a broad range of industries and transaction structures. The firm has built a reputation as a trusted partner, recognized for its operational experience. Sun Capital focuses on defensible businesses in growing markets with tangible performance improvement opportunities in the Business and Consumer Services, and Industrials and Distribution sectors. The firm has offices in Boca Raton, Los Angeles, and New York, and an affiliate with offices in London.

Further information is available at www.suncappart.com

About Fletchers

Fletchers is a UK-based consumer law firm specialising in claimant representation, predominantly in personal injury and medical negligence cases, as well as family law. The company operates across multiple locations in the UK with a team of over 1,600 employees, of which 510 are fee-generating lawyers.

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