Nexus Capital Management completes purchase of Coldwater Creek parent CW Holdings
CW Holdings, parent of women's apparel brands Coldwater Creek and Soft Surroundings, was bought from Newtimes Group by Los Angeles-based Nexus Capital Management.
Nexus Capital Management LP, a Los Angeles-based alternative asset management firm, has completed its acquisition of CW Holdings, LLC, the parent of the Coldwater Creek and Soft Surroundings brands, from Newtimes Group. The companies did not disclose the value of the transaction.
Coldwater serves women 45 and older through e-commerce sites and catalogs, and is headquartered in Fort Lauderdale, Florida, with offices in St. Louis and Boston. Nexus said it will partner with management, led by CEO David Walde, to support the brands' growth. Newtimes Group's Alex Angelchik said the firm was grateful for the team's work in building the platform.
Paul, Weiss, Rifkind, Wharton & Garrison LLP and Robert W. Baird & Co. advised Nexus. Greenberg Traurig, LLP and The Sage Group LLC advised Coldwater.
Deal facts
- Target
- CW Holdings
- Business
- Parent company of the Coldwater Creek and Soft Surroundings women's apparel and lifestyle brands, selling direct-to-consumer through e-commerce and catalogs
- Buyer
- Nexus Capital Management LP
- Sponsor
- Nexus Capital Management
- Seller
- Newtimes Group
- Deal type
- Platform
- Headquarters
- Fort Lauderdale, Florida
- Advisers
- Paul, Weiss, Rifkind, Wharton & Garrison LLP legal counsel to Nexus Capital Management
- Robert W. Baird & Co. Incorporated financial adviser to Nexus Capital Management
- Greenberg Traurig, LLP legal counsel to Coldwater
- The Sage Group LLC financial adviser to Coldwater
- Status
- Completed
- Announced
- Monday, November 2, 2026
Sources
- PR NewswireNov 2, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.