Z Capital taps Clayton as MD and operating partner

Z Capital has hired Timothy Clayton as managing director and operating partner. Previously, Clayton worked at Tile Shop Holdings where he served as a chief financial officer. He is also the former vice president and CFO of Sajan.


LAKE FOREST, Ill., July 15, 2014 /PRNewswire/ — Z Capital Partners, L.L.C. (“Z Capital”), a leading private equity firm that makes opportunistic control investments in companies that may require growth capital, operational turnaround or restructuring, today announced that Timothy Clayton has been named Managing Director and Operating Partner.

“Tim is a great addition to the Z Capital family,” said James J. Zenni, President and Chief Executive Officer of Z Capital. “With nearly 40 years of business experience in financial, operating and strategic planning with a variety of large, multi-national corporations and smaller enterprises, his extensive expertise will support the execution of our strategy to identify strategic opportunities and enhance operational efficiencies. I look forward to Tim’s significant contributions as Z Capital continues to capitalize on opportunistic investments that deliver maximum value.”

“Z Capital is a premier private equity firm, with a proven track record of making opportunistic, value-oriented controlling investments,” said Mr. Clayton. “I look forward to joining this world-class team and participating in Z Capital’s future success as we continue to enhance value for investors.”

Prior to joining Z Capital, Mr. Clayton held positions of Chief Financial Officer of Tile Shop Holdings, Inc., a specialty retailer sponsored by J.W. Childs Associates, and Vice President and CFO of Sajan, Inc., a multi-national provider of business oriented language translation services. Previously, Mr. Clayton was founder and managing principle of Emerging Capital, LLC, a management consulting firm specializing in financial, operational, and strategic planning, and merger and acquisition advisory services. In that capacity, Mr. Clayton acted as Vice President and CFO for ADESA Inc., a $1 billion automotive remarketing and financial services company, overseeing all financial activities, a variety of operational enhancements and acquisitions. In addition, Mr. Clayton provided internal leadership of a $3 billion going-private transaction involving private equity sponsors Kelso & Company, GS Capital Partners, ValueAct Capital, and Parthenon Capital.

Before forming Emerging Capital, Mr. Clayton co-founded and was Executive Vice President, CFO and Treasurer of Building One Services Corp., Inc., where he was instrumental in building the company into a $1.6 billion national provider of facility services. Mr. Clayton was responsible for raising $550 million of equity capital, developing the acquisition and operational strategy and driving the acquisition and post-merger integration process for over 50 companies. Mr. Clayton also led a $350 million recapitalization plan (which involved a $100 million strategic investment by Apollo Management, the establishment of a $200 million credit facility and a $350 million stock repurchase), and was an integral part of the management team that negotiated and completed the merger between Building One Services Corp. and Group Maintenance America Corp. to form Encompass Services Corp., a $3.0 billion national facility services company.

Mr. Clayton has served on the Board of Directors of Agribank, FCB, an $80 billion wholesale lender, and he currently serves as Chairman of the Farm Credit System Audit Committee. Mr. Clayton received a Bachelor of Arts degree in Accounting from Michigan State University.

About Z Capital Partners
Z Capital Partners, L.L.C. (“Z Capital”) is a leading private equity firm with approximately $1.7 billion of regulatory assets and committed capital under management and with offices in Lake Forest, IL and New York, NY. Z Capital pursues an opportunistic, value-oriented approach in private equity that includes making control investments in middle-market companies that may require growth capital, turnaround, restructuring or other special situations.

Z Capital’s Investment team has more than an eighteen-year track record investing in distressed private equity and credit related strategies and in excess of 200 years combined experience. Industries in which the principals of Z Capital have invested include consumer products, steel, steel processors, agriculture, gaming, leisure – real estate, manufacturing, specialty services and automotive.

Z Capital portfolio companies currently have aggregate worldwide annual revenues of approximately $1.5 billion, sell products in over 30 countries, and have in excess of 190,000 associates directly and through joint ventures.

Z Capital’s investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, wealth management firms and other financial institutions in North America, Europe, Asia, Africa and the Middle East. For more information, please visit www.zcap.net.