Z Capital Partners Buys Controlling Stake in Neways
July 15, 2013
Z Capital Partners has acquired the minority stake of Neways that is owned by hedge fund S.A.C. Capital Advisors. As a result of the purchase, Z Capital is now the majority controlling shareholder of the company. Neways offers personal care, household and health & wellness products that are free of unsafe ingredients. The company has bounced around the private investment world over the past few years. Golden Gate Capital bought the company in November 2006 before selling a majority share to Z Capital and S.A.C. Capital in 2012. American Capital invested a new first lien facility in the company earlier this year.