06.01.04
North Castle Partners, Greenwich, CT, and Golden Gate Capital, San Francisco, CA, have initiated a $650 million capitalization of Leiner Health Products, Carson, CA, that involves a sale of North Castle’s existing majority stake in the company. As part of the re-capitalization, Golden Gate, and a new fund investment vehicle managed by North Castle, will invest approximately $265 million and will be the co-sponsors of Leiner. Leiner’s management team will retain a significant ownership in the company.
In other news, North Castle has acquired a controlling interest in HDS Cosmetics Lab, Inc., Yonkers, NY. HDS manufactures and markets the DDF (Doctor’s Dermatologic Formula) doctor-developed and clinically formulated cosmeceutical skin care brand.
In other news, North Castle has acquired a controlling interest in HDS Cosmetics Lab, Inc., Yonkers, NY. HDS manufactures and markets the DDF (Doctor’s Dermatologic Formula) doctor-developed and clinically formulated cosmeceutical skin care brand.