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.
Cornell Capital acquires INW from Rosewood Private Investments
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.
INW acquires Bee Health
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.
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