Foley & Lardner LLP announced today it served as the legal advisor for its Dallas-based client, INW | Innovations in Nutrition + Wellness, a portfolio company of Foley client Rosewood Private Investments, in two separate legal transactions: the sale of INW by Rosewood to a group of investors led by Cornell Capital LLC and INW’s simultaneous acquisition of Bee Health Ltd., a UK-based nutritional supplements manufacturer.
INW is a value-added, turnkey service provider of differentiated nutritional and wellness products across multiple form factors, serving on-trend specialty health, functional food, immunity support, digestive health, holistic health, fit & active lifestyle, skincare and pet care markets. With manufacturing operations across four states, INW provides customers in North America and globally with comprehensive capabilities that include product development and innovation, ingredient sourcing, custom formulation and manufacturing, packaging, logistics and scientific support.
In partnership with INW’s leadership, private equity firm Cornell Capital acquired INW from Rosewood Private Investments, a family-backed investment firm and long-time Foley client. Through this transaction, Rosewood fully exited its investment in INW, while Cornell Capital will work to accelerate INW’s growth globally in the nutrition and wellness industries.
The Foley team in this transaction was led by partners Chris Converse and Chris Babcock and included partner Mike Donohue, special counsel Nick Peters, and associates Rachel Mozelewsi, Richard Zaleskie and Molly Richey. The terms of the transaction were not disclosed.
Simultaneously with the INW sale transaction, INW acquired Bee Health, the UK’s leading developer and manufacturer of nutritional supplements. The acquisition of Bee Health gives INW an extended global platform to meet the demands of the modern health and wellness industry and drive success for partner brands.
The Foley team in this transaction was led by partners Chris Converse and Kevin Chumney, and included partners Chris Babcock and Mike Donohue, and associate Kaitlyn Foley.
Prior to these transactions, Foley’s Private Equity group represented Rosewood in its original acquisition of the INW business, its subsequent add-on acquisitions, and in various other legal matters.
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With approximately 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.