JW Childs spin-out imminent

Dana Schmaltz and Ted Yun, two of JW Child’s most senior US-based partners, are reportedly preparing to leave the Boston firm to launch their own buyout shop.

JW Childs Associates will lose its president, Dana Schmaltz, and the chairman of its investment committee, Ted Yun, as the two have decided to found their own private equity firm, sources have told TheDeal.com.

The two partners – both of whom have been with the Boston-based firm for a decade or more and had previously worked for DLJ Merchant Banking Partners – are expected to leave in June.

Middle-market firm JW Childs spun out from Thomas H. Lee Partners in 1995, and has offices in Boston, Shanghai and Hong Kong. The fund from which the firm is currently investing, JW Childs Equity Partners III, has $1.8 billion in committed capital.