Jenny Craig Inc & Nestle SA | Update Date: 06/04/08 |
| Date Announced: 06/19/06 |
| Value (million $USD): 600.0 million U.S. Dollar |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 06/19/06 | | |
| Date Originally Announced | 06/19/06 | | |
| Format | Merger | Acquisition techniques | Not Applicable |
| Attitude | Neutral | Agency | n/a |
| Value | 600.0 million U.S. Dollar | Advisor Fees | n/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 |
| Name | Jenny Craig Inc |
| Industries | Specialty outpatient facilities, nec; Groceries and related products, nec; Patent owners and lessors |
| City | Carlsbad |
| State | CA |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Private |
| Business Description | Own and operate weight management centers; wholesale dietary groceries; patent owners and lessors |
| Advisors | Goldman Sachs & Co |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Nestle SA (Zurich : NESN) |
| Industries | Dry, condensed, and evaporated dairy products; Roasted coffee; Food preparations, nec; Dog, cat, and pet food; Groceries and related products, nec |
| City | Vevey |
| State | n/a |
| Nation | Switzerland |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Nestle 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. |
| Advisors | NULL |
| Acquiror Sales | 69.15 billion U.S. Dollar 91.08 billion Swiss Franc |
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