M&A Deal Summary

Z Capital Group Acquires Neways International

On July 12, 2013, asset manager Z Capital Group acquired consumer products company Neways International from Golden Gate Capital and American Capital

Acquisition Highlights
  • This is Z Capital Group’s 1st transaction in the Consumer Products sector.
  • This is Z Capital Group’s 3rd transaction in the United States.
  • This is Z Capital Group’s 1st transaction in Utah.

M&A Deal Summary

Date 2013-07-12
Target Neways International
Sector Consumer Products
Buyer(s) Z Capital Group
Sellers(s) Golden Gate Capital
American Capital
Deal Type Secondary Buyout

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) 1

Buyer

Z Capital Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 2.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Z Capital Group is an alternative asset management firm that manages both opportunistic, value-oriented private equity and credit funds. The Firm's private equity group pursues control investments in companies that involve turnarounds, corporate carve-outs, growth platforms, go-private transactions, and restructurings. The Firm's credit group invests across a range of credit including leveraged loans, private debt, and opportunistic credit. Z Capital Group was formed in 2006 and has offices in New York City and Chicago.


DEAL STATS #
Overall 3 of 14
Sector: Consumer Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 4
State: Utah M&A 1 of 1
Country: United States M&A 3 of 13
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-13 Xperience Restaurant Group

Cypress, California, United States

Xperience Restaurant Group is an operator of casual and fine dining brands. The Company operates four primary concepts, El Torito, El Torito Grill, Chevys Fresh Mex and Acapulco, offering a variety of traditional, innovative and authentic Mexican dishes. Xperience Restaurant Group was founded in 1954and is based in Cypress, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 Autotronic Controls

El Paso, Texas, United States

Autotronic Controls Corp. is a designer, developer and manufacturer of automotive products including ignition controls, fuel injection systems, coils, timing accessories, spark plug wires and accessories.

Buy -

Seller(S) 2

SELLER

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 35 of 86
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 4 of 19
State: Utah M&A 2 of 2
Country: United States M&A 31 of 78
Year: 2013 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 Springs Window Fashions

Middleton, Wisconsin, United States

Springs Window Fashions is a manufacturer and marketer of custom and stock window coverings and drapery hardware to retail and commercial customers, as well as independent designers, franchisors, and decorators. Springs Window Fashions was founded in 1939 and is based in Middleton, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 Devcon Security Systems

Hollywood, Florida, United States

Devcon Security is a provider of installation, monitoring and related electronic security services. Devcon currently monitors more than 140,000 commercial and residential systems in Florida, New York City and Staten Island.

Sell $148M
SELLER

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 145 of 194
Sector: Consumer Products M&A 10 of 13
Type: Secondary Buyout M&A Deals 48 of 71
State: Utah M&A 1 of 1
Country: United States M&A 142 of 186
Year: 2013 M&A 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Formed Fiber Technologies

Auburn, Maine, United States

Formed Fiber Technologies, Inc. is a manufacturer and supplier of thermoformed automotive non-woven products for North American automotive OEMs and Tier I suppliers. FFT's products are used as trunk liners and for interior trim applications on cars, SUVs and light trucks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 Pan Am International Flight Academy

Miami, Florida, United States

Pan Am International Flight Academy is a provider of simulator-based flight training to commercial airlines and professional pilots. Pan Am International Flight Academy is based in Miami, Florida.

Sell $140M