M&A Deal Summary

Golden Gate Capital and American Capital Acquire Neways International

On November 5, 2006, private equity firms Golden Gate Capital and American Capital acquired consumer products company Neways International

Acquisition Highlights
  • This is Golden Gate Capital’s 2nd and American Capital’s 22nd transaction in the Consumer Products sector.
  • This is Golden Gate Capital’s 28th and American Capital’s 208th transaction in the United States.
  • This is Golden Gate Capital’s 1st and American Capital’s 2nd transaction in Utah.
Investment Fate
  • Neways International was sold to a consortium of financial buyers in 2013.

M&A Deal Summary

Date 2006-11-05
Target Neways International
Sector Consumer Products
Buyer(s) Golden Gate Capital
American Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Ashurst (Legal)

Target

Neways International

Springville, Utah, United States
Neways is a leading manufacturer and distributor of safe, effective and innovative personal care and nutritional products. Neways' mission is to enhance the health, wealth and well-being of people around the world. Products are sold through a worldwide network of independent distributors with sales in 23 countries. Neways also operates manufacturing facilities in Salem, Utah, and Auckland, New Zealand. Neways' headquarters are located in Springville, Utah.

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Buyer(S) 2

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 34 of 112
Sector: Consumer Products M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 27
State: Utah M&A 1 of 2
Country: United States M&A 28 of 100
Year: 2006 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 Haband Co.

Jessup, Pennsylvania, United States

Haband Company, Inc. is one of America's oldest and largest direct mail and online marketers of value-priced men's and women's comfortable, casual apparel, shoes and practical home items.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Apogee Retail

Little Canada, Minnesota, United States

Apogee Retail LLC is a regional specialty retailer.

Buy -
Buyer

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 216 of 265
Sector: Consumer Products M&A 22 of 22
Type: Buyout (LBO, MBO, MBI) M&A Deals 110 of 125
State: Utah M&A 2 of 2
Country: United States M&A 208 of 253
Year: 2006 M&A 36 of 41
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-02 Vision Solutions

Irvine, California, United States

Vision Solutions is a provider of information availability software and services for Windows, Linux, IBM Power Systems and Cloud Computing markets. Vision Solutions was founded in 1990 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-06 Precitech

Keene, New Hampshire, United States

Precitech, Inc. designs and manufactures ultra precision machining solutions for diamond turning, milling, and grinding which are used to produce optical lenses, mold inserts, mirrors, and precision mechanical components. Our machines produce rotationally symmetric, asymmetric, freeform, and sculpted geometries with form tolerances in the sub-micron range and nanometer surface finishes.

Sell $13M