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Jenny Craig Inc &
Nestle SA
Update Date: 06/04/08
Date Announced: 06/19/06
Value (million $USD): 600.0 million U.S. Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced06/19/06
Date Originally Announced06/19/06
FormatMergerAcquisition techniquesNot Applicable
AttitudeNeutralAgencyn/a
Value600.0 million U.S. DollarAdvisor Feesn/a
SYNOPSIS
US - Nestle SA definitively acquired all the outstanding stock of Jenny Craig Inc, an owner and operator of weight management centers, from ACI Capital Co, a unit of AC Israel Enterprise Inc, and MidOcean Partners LP, for an estimated $600 mil.
TARGET
NameJenny Craig Inc
IndustriesSpecialty outpatient facilities, nec; Groceries and related products, nec; Patent owners and lessors
CityCarlsbad
StateCA
NationUnited States
Incorporated inDE
Public StatusPrivate
Business DescriptionOwn and operate weight management centers; wholesale dietary groceries; patent owners and lessors
AdvisorsGoldman Sachs & Co
Target Salesn/a
ACQUIROR
NameNestle SA (Zurich : NESN)
IndustriesDry, condensed, and evaporated dairy products; Roasted coffee; Food preparations, nec; Dog, cat, and pet food; Groceries and related products, nec
CityVevey
Staten/a
NationSwitzerland
Incorporated inn/a
Public StatusPublic
Business DescriptionNestle SA, located in Vevey, Switzerland, produces and wholesales chocolate drinks, cereals, baby foods, soups, sauces and heat-and-serve dishes, chocolate and confectionery, frozen foods and ice cream, and refrigerated foods such as yogurts, cheeses and cold meats. The company was founded in 1860.
AdvisorsNULL
Acquiror Sales69.15 billion U.S. Dollar
91.08 billion Swiss Franc
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