Palisade Capital exits Shoe Sensation

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.


PE-owned WS Packaging Group taps Eitel for CEO

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.


J.W. Childs invests in Cycle Gear

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.

Bruce Rauner Head Shot

PE pumps $2.25 mln into Rauner campaign: Buyouts

People with close ties to the private equity and venture capital industries had contributed more than $2.25 million to former GTCR partner Bruce Rauner’s Illinois gubernatorial campaign as of Sept. 19, according to a Buyouts analysis of Illinois State Board of Elections data.


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.


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

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget