North Castle Partners, Greenwich, CT, and Golden Gate Capitol, San Francisco, CA, have completed the re­capitalization of Leiner Health Products, Carson, CA. As part of the $650 million re­capitalization, North Castle sold its existing majority stake in the company. Golden Gate and a new fund investment vehicle managed by North Castle in­vested approximately $265 million and are now co-sponsors of Leiner. Leiner’s manage­ment retains a significant ownership in the company.

In other news, North Castle Partners has acquired a controlling interest in HDS Cosmetics Lab, Inc., Yonkers, NY, which manufacturers and markets the DDF (Doctor’s Dermatologic Formula) doctor-developed and clinically formulated cosmeceutical skin care brand.