H.I.G. Capital

Weight loss centres

Established in Australia in 1983 by Sid and Jenny Craig. Bought by Nestle in 2010, who sold it to North Castle Partners in 2013, who sold it to HIG Capital in 2019. Shortly after its US parent company declared bankruptcy, the Jenny Craig Australia and New Zealand business entered administration and then ceased operations with all staff made redundant after its administrators failed to secure a buyer for the physical stores and employees. Jenny Craig's online business was sold to healthcare technology company Eucalyptus.

Weight loss centres

One of the world's two largest diet firms (along with Weight Watchers). Founded in Australia in 1983, today they have centres in US, Canada, Australia, New Zealand, UK and France. In 2006 Nestle bought Jenny Craig from private investment firms MidOcean Partners and ACI Capital and founders Jenny and Sid Craig. Acquired by H.I.G. Capital in 2019. Filed for bankruptcy in 2023.