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ACI Capital, DB Capital Partners Complete Acquisition of Jenny Craig, Inc. Leading International Weight Management Firm Becomes Private Company In a $115 million deal.

Publication: PR Newswire
Publication Date: 14-MAY-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Jenny Craig, Inc. announced today that its pending acquisition by an investor group led by ACI Capital Co., Inc., a private investment firm, had been completed. DB Capital Partners, Inc. the private equity arm of Deutsche Bank, is ACI Capital's partner in the transaction. The investor group also includes Sid and Jenny Craig. The transaction was approved yesterday by Jenny Craig's shareholders at a special meeting. Based on the merger consideration of $5.30 price per share, the transaction is valued at approximately $115 million. As a result of the merger, Jenny Craig has become a private company.

Jenny Craig is one of the largest weight management firms worldwide with 652 centers in the United States, Canada and abroad. Founded in 1983, the Company offers a comprehensive weight management program that helps clients learn how to eat the foods they want, increase their energy level through simple activity and build more balance in their lives for optimal weight loss and well being. The program combines personal, one-on-one consultations...

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