Announced
Synopsis
HIG Capital, a leading global private equity investment firm with over $30bn of equity capital under management, has completed the acquisition of Craig Holdings, a leader in the weight loss industry in North America, Australia and New Zealand. Financial terms were not disclosed. Jenny Craig offers personalized science-based meal plans, chef-crafted premium foods, and a dedicated consultant for each client to provide ongoing support and accountability. The Company’s Innovative Rapid Results Program uses Nobel Prize winning science involving the human body’s circadian rhythm to deliver weight loss and significant health benefits. "Jenny Craig represents an ideal opportunity to invest in the premier provider of weight loss services, especially with the rising prevalence of overweight adults,” Jeff Zanarini, HIG Managing Director.
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