Tuesday, May 08, 2007

Sun Capital Accumulates a 6.5% Stake in Universal Technical Institute (UTI)

In a 13D filing after the close on Universal Technical Institute, Inc. (NYSE: UTI), SCSF Equities (Sun Capital) disclosed a 6.5% stake (1.82 million shares). The firm did not show a stake in UTI for the quarter ended December 31, 2006.

In a pretty standard disclosure the firm said it may buy or sell additional shares of the company and may seek to meet with and have discussions with the the company's management and directors, but, other than that, the firm has no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

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