THE WHAT? Innovations in Nutrition + Wellness (INW) and Cornell Capital have announced that a group of investors led by Cornell together with INW leadership have acquired INW from Rosewood Private Investments for an undisclosed sum.
THE DETAILS INW has also acquired UK-based Bee Health, a transaction that closed simultaneously with the above deal. The current owners of Bee Health will remain investors in the combined company.
THE WHY? Together, the combined company has a global platform to meet the demands of the modern health and wellness industry and drive success for partner brands, INW said in a statement.
“INW is an exciting and compelling opportunity that aligns with Cornell Capital’s strategy and investment experience in building leading global scaled businesses in attractive industries,” said Justine Cheng, Partner at Cornell Capital. “We are impressed by INW’s differentiated, value-added offering of high-touch innovation, operational excellence and speed-to-market for both well-known and emerging brands. The transaction with Bee Health represents another value-additive acquisition for INW and will significantly expand INW’s total addressable market to establish a strong foothold in the fast-growing UK and European market. Using our global network, we look forward to working with the entire team at INW and Bee Health, and are excited to support the combined company’s continued success and expansion across North America and Europe.”