Jenny Craig is out the door at Nestle (NSRGY). A week ago, Nestle announced that it was selling the North American and Oceania (Australia, New Zealand and others in that region) segments of its weight management business to North Castle Partners, the owners of Curves fitness clubs for women, which will combine the two businesses.
That’s the first shoe to drop.
Ever since Nestle announced in early October that it was selling some of its underperforming brands while fixing others — Nestle has more than 8,000 brands, 30 of which sell more than $1.1 billion annually — the investment world has been abuzz with speculation about which brands will be shown the door.
Now we know one of the casualties, but who are the others?
Here are four possible candidates, along with the likely suitors. Although private equity names always jump to the top of this type of M&A list, there are many strategic acquirers who might join in the party.