April, 5, 2019
Private equity fund HIG Capital has purchased Jenny Craig from North Castle Partners, which had owned Jenny Craig since 2013.
HIG managing director Jeff Zanarini said, “We believe Jenny Craig represents an ideal opportunity to invest in the premier provider of weight loss services, especially with the rising prevalence of overweight adults.
“Monty and the rest of the executive team will continue to lead the organization through its next exciting phase of growth, and we look forward to working with Monty and his dynamic team.”
Terms of the deal were not disclosed.