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.
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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 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.
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