M&A Deal Summary

Wellful Acquires Jenny Craig

On July 5, 2023, Wellful acquired consumer services company Jenny Craig from H.I.G. Private Equity

Acquisition Highlights
  • This is Wellful’s 1st transaction in the Consumer Services sector.
  • This is Wellful’s 1st transaction in the United States.
  • This is Wellful’s 1st transaction in California.

M&A Deal Summary
Date 2023-07-05
Target Jenny Craig
Sector Consumer Services
Buyer(s) Wellful
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Jenny Craig

Carlsbad, California, United States
Jenny Craig is a weight management services company. The Company provides consumers with a comprehensive weight management program that emphasizes personal support to help clients develop a healthy relationship with food, build an active lifestyle, and create a more balanced approach to living. Jenny Craig was founded in 1983 and is based in Carlsbad, California.

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Buyer(S) 1

Buyer

Wellful

Charlotte, North Carolina, United States
Category Company
Sector Consumer Services
DESCRIPTION

Wellful is a provider of health and wellness company that helps consumers achieve their wellness goals through a diversified, scientifically backed portfolio of brands. Through rigorous dedication to scientific innovation and quality, as well as its unique omnichannel distribution model. Wellful is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 161 of 175
Sector (Consumer Services) 6 of 6
Type (Add-on Acquisition) 67 of 72
State (California) 13 of 13
Country (United States) 115 of 120
Year (2023) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Compania del Tropico

Barcelona, Spain

Compania del Tropico is a multi-brand coffee-shop and fast casual dining operator. Compania del Tropico is a network of fully owned premises in the growing and fragmented Spanish food-service market. Compania del Tropico is based in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 RBmedia

Landover, Maryland, United States

RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland.

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