J.W. Childs Associates LP has agreed to buy a majority stake in KeyImpact Sales and Systems Inc, a food service sales and marketing agency. The seller is EOS Partners. No financial terms were disclosed for the transaction that is expected to be completed in the fourth quarter of this year. Lincoln International provided financial advice to KeyImpact on the deal.Continue
J.W. Childs Associates LP said Tuesday it has acquired a majority interest in Shoe Sensation. Palisade Capital Management L.L.C. was the seller. Financial terms weren’t announced. Jeffersonville, Indiana-based Shoe Sensation is a family footwear retailer in the Midwestern United States.Continue
WS Packaging Group, a portfolio company of J.W. Childs Associates LP, has named Charlie Eitel as CEO. The appointment becomes effective April 1, 2015. Eitel, who is succeeding Fred Tinsley, has been on the company’s board of directors since May 2014. His previous work experience includes leadership roles at The Simmons Bedding Company, Interface Inc and Collins & Aikman Floorcoverings. Headquartered in Green Bay, Wisconsin, WS Packaging is a printing and label converting operation.Continue
J.W. Childs Associates, the middle market private equity firm, is back from the brink with [...]Continue
J.W. Childs Associates has bought a majority stake in Cycle Gear. The seller was Harvest Partners. No financial terms were disclosed. Piper Jaffray and Financo provided financial advice to Cycle Gear on the transaction. Headquartered in Benicia, Calif., Cycle Gear is a provider of motorcycle apparel, parts and accessories.Continue
J.W. Childs Associates has acquired Kosta Browne, a winery in Sebastopol, Calif. No financial terms were disclosed.Continue
People with close ties to the private equity and venture capital industries had contributed more [...]Continue
A majority of limited partners in J.W. Childs Associates’s third fund have approved a restructuring led [...]Continue
Once a firm passes into zombieland can it ever come back? J.W. Childs Associates may [...]Continue
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 – […]Continue
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.Continue
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 byContinue