Daily News: July 17, 2014

Z Capital Appoints Clayton Managing Director

Z Capital Partners announced Timothy Clayton has been named managing director and operating partner.

“Clayton is a great addition to the Z Capital family,” said James J. Zenni, president and CEO 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.”

Prior to joining Z Capital, Clayton held positions of CFO of Tile Shop Holdings, a specialty retailer sponsored by J.W. Childs Associates, and VP and CFO of Sajan, a multinational provider of business oriented language translation services. Previously, Clayton was founder and managing principle of Emerging Capital, a management consulting firm specializing in financial, operational and strategic planning, and merger and acquisition advisory services. In that capacity, Clayton acted as vice president and CFO for ADESA, a $1 billion automotive remarketing and financial services company, overseeing all financial activities, a variety of operational enhancements and acquisitions. In addition, 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, Clayton co-founded and was EVP, CFO and treasurer of Building One Services, where he was instrumental in building the company into a $1.6 billion national provider of facility services. 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. 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 and Group Maintenance America to form Encompass Services, a $3 billion national facility services company.

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.

“Z Capital is a premier private equity firm, with a proven track record of making opportunistic, value-oriented controlling investments,” said 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.”