Sun Capital Partners announced that an affiliate has completed the closing of a single-asset continuation vehicle for Fletchers Solicitors, a UK-based clinical negligence and specialist personal injury law firm, marking Sun Capital’s first-ever single-asset continuation vehicle. The transaction offers Sun Capital’s Fund VII limited partners the option to take liquidity or roll into continued ownership as the firm backs the next phase of growth at Fletchers.
Sun Capital said Fletchers has expanded materially since its initial 2021 investment, citing growth in LTM EBITDA from £8.0 million to £37.9 million as of September 30, 2025. The firm attributed the performance to organic growth, operating initiatives, and 10 add-on acquisitions, and highlighted Fletchers’ proprietary case-generation platform as a competitive advantage that helps provide a steady flow of leads.
Sun Capital founders Marc Leder and Rodger Krouse said the general partner reinvested its entire position and added a further $10 million through the firm’s Sun Capital Star Fund secondaries fund. Sun Capital also disclosed it has signed a definitive agreement to sell Anderson Global, a Fund VIII investment, into another single-asset continuation vehicle, which it expects to close in the second or third quarter following regulatory approval.
Fletchers CEO Peter Haden said the continuation vehicle provides longer-term backing to continue investing in talent and the platform and to support more clients over time.
Support: Houlihan Lokey served as exclusive financial advisor to Sun Capital affiliates.
KEY QUOTES
“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.”
Marc Leder and Rodger Krouse, Founders, Sun Capital Partners, Inc.
“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.”
Peter Haden, Chief Executive Officer, Fletchers Solicitors
“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,”
Alexander Wyndham, Managing Director, Sun European Partners, LLP (Sun Capital’s European adviser)
