assets
270 Views

LPs approve restructuring J.W. Childs Fund III

A majority of limited partners in J.W. Childs Associates’s third fund have approved a restructuring led by the Canada Pension Plan Investment Board and Goldman Sachs Group Inc that will transfer five remaining portfolio companies into a newly capitalized vehicle, according to three people with knowledge of the deal.

doctors
125 Views

J.W. Childs to Make Roughly 5x Their Money with CHG Sale

Once a firm passes into zombieland can it ever come back? J.W. Childs Associates may have something to say about that. Leonard Green & Partners and Ares Management are buying CHG Healthcare Services, a Salt Lake City-based healthcare staffing firm, that is majority owned by J.W. Childs.

Reuters – CHG Healthcare Services For Sale

Hospital staffing company CHG Healthcare Services has hired Goldman Sachs Group to advise on a potential sale that could fetch more than $1 billion, writes Reuters. CHG Healthcare was acquired by Boston-based private equity firm J.W. Childs Associates and CHG chief executive Mike Weinholtz for an undisclosed sum five years ago, reports Reuters. Reuters – […]

Sunny Delight to Sell Western European Sunny Delight Juice Drinks Business

Sunny Delight Beverage Co., which is backed by J.W. Childs Associates, is selling its Western European Sunny Delight juice drink business to Orangina Schweppes. Financial terms of the deal weren’t disclosed. Sunny Delight Beverage Co. has also agreed to buy the J.M. Smucker Co.’s plant in Sherman, Texas. Sunny Delight also said that it’s investing more than $70 million to upgrade its five North American plants and data systems to buy the plant in Texas. J.W. Childs, a Boston PE firm, owns a majority of Sunny Delight.

How Are Portfolio Companies Handling Their Debt?

Below, the latest round of S&P ratings headlines on a few private equity-backed portfolio companies. Listings with asterisks denote inclusion in S&P’s Weakest Links list.

December 16, 2008
Brookstone Inc. Outlook Changed To Negative; ‘B’ Corporate Credit Rating Affirmed. Brookstone is backed by J.W. Childs Associates and Temasek Holdings.

Perkins & Marie Callender’s Inc. Downgraded To ‘CCC’ On Note Payment Concerns. Perkins & Marie Callendar’s Inc. is backed by Castle Harlan. ***

Del Frisco’s Restaurant Group Outlook Changed To Negative;’B’ Corporate Credit Rating Affirmed. Del Frisco’s is backed by

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