Marc Leder

    Add links
    From Wikipedia, the free encyclopedia

    Marc Leder
    Born
    Marc J. Leder

    1962 (age 60–61)
    Long Island, New York, U.S.
    EducationWharton School (BS)
    OccupationInvestor
    Known forCo-founder, Sun Capital Partners
    Spouse
    Lisa J. Weisbein
    ​
    ​
    (m. 1987; div. 2010)​
    Children4

    Marc J. Leder is an American businessman who is the co-founder of Sun Capital Partners, a private equity firm based in Boca Raton, Florida. He is also a limited partner of Harris Blitzer Sports & Entertainment, which owns the Philadelphia 76ers and New Jersey Devils.

    Early life and education[edit]

    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[edit]

    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[edit]

    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] It targets businesses with revenues of $50 million to $1.0 billion for platform investments, and any revenue size for add-ons to existing portfolio companies. Sun Capital focuses on several transaction types, including corporate carve-outs, founder-owned, and sponsor-to-sponsor.[6]

    Affiliated investments[edit]

    Leder was a member of the investment group led by Josh Harris that purchased the Philadelphia 76ers in 2011 for $280 million.[7][8][9] Leder was also a member of another group led by Harris that purchased the New Jersey Devils of the NHL and the Prudential Center arena for over $320 million.[10][11] Leder, as minority owner, serves on the board of the Philadelphia 76ers and the NJ Devils.[12] Leder is also a minority investor in Crystal Palace F.C. of the Premier League and Real Salt Lake of Major League Soccer.

    Philanthropy and accolades[edit]

    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.[13]

    Notable organizations supported by the Sun Capital and Marc J. Leder 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, Leder was honored by the Samuel Waxman Cancer Research Foundation.[14]

    Personal life[edit]

    Leder was married to Lisa J. Weisbein from 1987 until divorcing in 2010; they have three children.[15] In January 2012, Leder had another daughter with his girlfriend at the time.[citation needed]

    References[edit]

    1. ^ a b 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. ^ a b "Stocks". Bloomberg. Retrieved December 2, 2020.
    4. ^ Creswell, Julie (January 21, 2012). "In a Romney Believer, Private Equity's Risks and Rewards". The New York Times. Retrieved August 24, 2020.
    5. ^ "Interview With Sun Capital's Rodger Krouse". Privcap. Retrieved August 24, 2020.
    6. ^ "Investment Focus". Sun Capital Partners. Retrieved August 24, 2020.
    7. ^ 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.
    8. ^ 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.
    9. ^ "Group Led by Joshua Harris Completes Purchase of Sixers" (Press release). Philadelphia 76ers. October 18, 2011. Archived from the original on March 18, 2018.
    10. ^ "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.
    11. ^ 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.
    12. ^ "Front Office Directory". Philadelphia 76ers. Archived from the original on November 12, 2011. Retrieved April 9, 2012.
    13. ^ "$2 Million Gift from Marc J. Leder for Behavior Change for Good Initiative". almanac.upenn.edu. Retrieved April 6, 2023.
    14. ^ Roz. "Samuel Waxman Cancer Research Foundation Honors Marc J. Leder, Bobby Zarin | New York Gossip Gal | by Roz". Retrieved April 6, 2023.
    15. ^ 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[edit]

    External links[edit]

    Retrieved from "https://en.wikipedia.org/w/index.php?title=Marc_Leder&oldid=1163173726"