In 2002, Jenny Craig, Inc., was acquired by MidOcean Partners, a New York and London-based private equity investment firm, and ACI Capital, a New York–based private investment firm. On 19 June 2006, they announced the signing of a definitive agreement to sell the company to Nestlé in a transaction valued at approximately $600 million. The company was operated as part of Nestlé Nutrition.
In 2002, Jenny Craig, Inc., was acquired by private equity firms MidOcean Partners and ACI Capital. In 2006, they sold the company to Nestlé for $600 million, which was integrated into Nestlé's Nutrition division.