Marc J. Leder

Marc J. Leder is co-founder and co-chief executive officer of Sun Capital Partners Inc, a global private equity firm, based in Boca Raton, Florida, United States.

Marc J. Leder
Born1962 (age 60–61)
Long Island, New York, U.S.
EducationUniversity of Pennsylvania (BS)
Alma materB.S. Wharton School of the University of Pennsylvania
Occupationinvestor
Known forCo-founder of private equity firm Sun Capital Partners, Inc.
Co-owner of the Philadelphia 76ers and the New Jersey Devils.
SpouseLisa J. Weisbein (divorced)
Children4

Early life and education

Leder was born in 1962[1] to a Jewish family[2] and raised in the Long Island suburbs of New York City.[1] In 1979, Leder graduated from John L. Miller Great Neck North High School and in 1983, earned his Bachelor of Science degree in economics from the Wharton School of the University of Pennsylvania.[3]

Career

In 1987, he accepted a position as an analyst at Lehman Brothers working his way up to Senior Vice president. In 1995, he left Lehman with fellow Wharton School of the University of Pennsylvania alumni and friend Rodger Krouse to found Sun Capital Partners, Inc.[3]

Sun Capital Partners
Main article: Sun Capital Partners

Sun Capital was founded in 1995 by Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.[4][5]

Sun Capital's investment strategy involves a variety of proprietary operational tools to help portfolio companies grow revenue, lower costs, improve company cultures, and enhance processes.[6] Sun Capital targets platform companies with revenues between $50 million and $1.0 billion as well add-on acquisitions.[7] Sun Capital focuses on several transaction types, including corporate carve-outs, founder-owned, and sponsor-to-sponsor.[7]

Affiliated Investments

Leder was a member of the investment group that won a $280 million bid for the purchase of the Philadelphia 76ers led by Josh Harris of the private equity firm Apollo Global Management.[8] Other members include portfolio manager Art Wrubel, and former NBA agent and Sacramento Kings executive Jason Levien,[9] as well as former Vail Resorts CEO Adam Aron, Martin J. Geller, David B. Heller, Travis Hennings, James Lassiter, David S. Blitzer, Michael Rubin, Will Smith & Jada Pinkett Smith, and Indonesian businessmen Handy Soetedjo & Erick Thohir.[10] Comcast-Spectacor began talks with the investment group in the summer of 2011. The deal was announced on July 13, 2011.[11] The NBA formally approved the deal on October 18.[10] Leder is also a member of a group led by Harris and partner David Blitzer that purchased a majority stake in the New Jersey Devils of the NHL, which includes the rights to operate the Prudential Center arena in Newark, New Jersey. The transaction was reportedly for over $320 million.[12][13] Leder, as minority owner, serves on the board of the Philadelphia 76ers and the NJ Devils.[14] Leder is also a minority investor in Crystal Palace Football Club, a professional football club based in Selhurst in the Borough of Croydon, South London, England, who compete in the Premier League, the highest level of English football, Real Salt Lake of the U.S. major soccer league and five other European football leagues.

Philanthropy and Accolades

The Sun Capital Partners Foundation, Inc. was established in 2007 by Marc Leder and Rodger Krouse to unite the Sun Capital family in a purposeful philanthropic effort. To reinforce this connection, charitable contributions by Sun Capital Partners employees are amplified through a 3x matching gift program. The Foundation has supported more than 700 local, national, and international innovative non-profit organizations with donations exceeding $20 million, to fulfill its mission of promoting sustainable, positive change.[15]

Notable organizations supported by the Foundation include American Heart Association, American Red Cross, Autism Speaks Inc., Boca Helping Hands, Inc., Boca Raton Regional Hospital, Foundation for AIDS research, Feeding South Florida, Gabrielle’s Angel Foundation for Cancer Research, Operation Homefront Florida, and Samuel Waxman Cancer Research Foundation. In 2015, Marc was honored by the Samuel Waxman Cancer Research Foundation.[16]

In 2010, Leder also established the Marc J. Leder Foundation, Inc. a non-profit corporation based in Boca Raton that partially funds the Sun Capital Partners Foundation and makes direct grants to a variety of organizations. Past donations have included a $2 million gift to establish the Marc J. Leder Behavior Change for Good Term Fund at the School of Arts and Sciences and the Wharton School of the University of Pennsylvania and a $1 million gift to endow a curatorial directorship at Penn’s Institute of Contemporary Art (ICA), where he sits on the Board.[17]

Leder is a noted patron of the arts and has been involved with several arts institutions including, the Art for Life Foundation, Rush Philanthropic Arts Foundation, and the Berggruen Museum in Berlin where he is a member of the International Council.[18]

Leder has received several industry honors ranging from recognition as a Buyouts magazine “Pro of the Year” in 2003, a Lifetime Achievement and Leadership Award from M&A Advisor and being inducted into the M&A Advisor Hall of Fame in 2017.

Personal life

In 1987, Leder married Lisa J. Weisbein; they have three children. They divorced in 2010.[19] In January 2012, Leder had another daughter with his girlfriend at the time.

References
  1. Foroohar, Kambiz (October 1, 2008). "Blackstone, Apollo Outshone as Sun Capital Buys Boston Market". Bloomberg News. Archived from the original on December 5, 2020.
  2. Guttman, Nathan (September 18, 2012). "Romney Trashes Two-State Solution in Video". The Jewish Daily Forward. Archived from the original on October 21, 2020.
  3. "Stocks". Bloomberg. Retrieved December 2, 2020.
  4. "In a Romney Believer, Private Equity's Risks and Rewards". New York Times. Retrieved August 24, 2020.
  5. "Interview With Sun Capital's Rodger Krouse". Privcap. Retrieved August 24, 2020.
  6. "Operations Strategy". Sun Capital Partners. Retrieved August 24, 2020.
  7. "Investment Focus". Sun Capital Partners. Retrieved August 24, 2020.
  8. Fagan, Kate (July 13, 2011). "76ers sale deal is done". The Philadelphia Inquirer. Archived from the original on August 4, 2020. Retrieved December 5, 2020.
  9. Fagan, Kate (August 2, 2011). "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success". The Philadelphia Inquirer. Archived from the original on October 29, 2013.
  10. "Group Led by Joshua Harris Completes Purchase of Sixers" (Press release). Philadelphia 76ers. October 18, 2011. Archived from the original on March 18, 2018.
  11. "Sale of 76ers to Joshua Harris finished". ESPN. July 13, 2011. Archived from the original on November 12, 2020.
  12. "Josh Harris Buys The New Jersey Devils". KYW-TV. Associated Press. August 15, 2013. Archived from the original on September 24, 2020. Retrieved December 5, 2020.
  13. Golden, Jessica (March 24, 2020). "76ers, Devils reverse decision to cut salaries up to 20% due to coronavirus hiatus". CNBC. Archived from the original on April 19, 2020. Retrieved December 5, 2020.
  14. "Front Office Directory". Philadelphia 76ers. Archived from the original on November 12, 2011. Retrieved April 9, 2012.
  15. "Foundation". Sun Capital Partners, Inc. | Private Equity Firm. Retrieved April 6, 2023.
  16. Roz. "Samuel Waxman Cancer Research Foundation Honors Marc J. Leder, Bobby Zarin | New York Gossip Gal | by Roz". Retrieved April 6, 2023.
  17. "$2 Million Gift from Marc J. Leder for Behavior Change for Good Initiative". almanac.upenn.edu. Retrieved April 6, 2023.
  18. "Leder, Marc J." Sun Capital Partners, Inc. | Private Equity Firm. Retrieved April 6, 2023.
  19. Ostrowski, Jeff (July 10, 2009). "Sun Capital co-founder worth more than $400 million, wife says". The Palm Beach Post. Archived from the original on December 27, 2013.

Other sources
  1. https://www.thedeal.com/podcasts/behind-the-buyouts-sun-capitals-leder-talks-post-close-value-creation/“Behind the Buyouts: Sun Capital's Leder Talks Post-Close Value Creation.”
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