N.Y. Attorney General Investigating Sun Capital and Other Private Equities for Use of Tax Loopholes, According to New York Times
September 4, 2012

Sun Capital Partners and several other private equity firms currently are under investigation by the New York attorney general's office for alleged improper use of tax loopholes, according to a September 1 article in the New York Times.

According to the story, N.Y. attorney general Eric Schneiderman currently is investigating taxes paid on fees from investors of private equity firms and whether Sun Capital and other companies invested the income gained from the fees to reduce their tax payments.

Sun Capital Partners is well known in the industry for its 2011 purchase of United Glass Corp. and the assets of several Vitro America subsidiaries including Super Sky, and its 2010 purchase of the assets of Arch Aluminum.

At press time, the N.Y. attorney general's office had not made information about the investigation public.

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