M&A Deal Summary

Cornell Capital and Cohesive Capital Partners Acquire Innovations in Nutrition + Wellness

On March 29, 2021, private equity firms Cornell Capital and Cohesive Capital Partners acquired life science company Innovations in Nutrition + Wellness from Rosewood Private Investments

Acquisition Highlights
  • This is Cornell Capital’s 1st and Cohesive Capital Partners’ 1st transaction in the Life Science sector.
  • This is Cornell Capital’s 11th and Cohesive Capital Partners’ 23rd transaction in the United States.
  • This is Cornell Capital’s 2nd and Cohesive Capital Partners’ 4th transaction in Texas.

M&A Deal Summary

Date 2021-03-29
Target Innovations in Nutrition + Wellness
Sector Life Science
Buyer(s) Cornell Capital
Cohesive Capital Partners
Sellers(s) Rosewood Private Investments
Deal Type Secondary Buyout
Advisor(s) Guggenheim Securities (Financial)
Foley & Lardner LLP (Legal)

Target

Innovations in Nutrition + Wellness

Carrollton, Texas, United States
website
Innovations in Nutrition + Wellness is a 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. Innovations in Nutrition + Wellness was founded in 2014 and is based in Carrollton, Texas.

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Buyer(S) 2

Buyer

Cornell Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cornell Capital is a private investment firm that seeks to partner with strong management teams to build businesses. Cornell Capital does not have any sector preferences and focuses on opportunities across the US. Cornell Capital was formed in 2013 and is based in New York City.


DEAL STATS #
Overall 13 of 17
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 3 of 6
State (Texas) 2 of 2
Country (United States) 11 of 14
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Ingenovis Health

Cincinnati, Ohio, United States

Ingenovis Health is a tech-enabled platform for healthcare staffing firms and innovative technology to advance the delivery of critical healthcare clinicians to systems nationwide. Ingenovis Health is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Advancing Eyecare

Jacksonville, Florida, United States

Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida.

Buy -
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 24 of 32
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Texas) 4 of 5
Country (United States) 23 of 30
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 MissionWired

Washington, District of Columbia, United States

MissionWired provides a full suite of integrated marketing solutions that connect clients with donors to improve digital fundraising results. MissionWired was founded in 2007 and is headquartered in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 ScalePad

Vancouver, British Columbia, Canada

ScalePad provides a SaaS platform that automates hardware, software, and warranty asset lifecycle management for MSPs. ScalePad helps MSPs easily identify and prioritize their asset risks and revenue-generating opportunities. The insightful reports not only communicate asset status to customers but also drive them to make important IT investments to improve their environment. ScalePad was formed in 2015 and is based in Vancouver, British Columbia.

Buy -

Seller(S) 1

DESCRIPTION

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.


DEAL STATS #
Overall 10 of 14
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 7 of 8
State (Texas) 5 of 6
Country (United States) 10 of 14
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Eagle Fire

Richmond, Virginia, United States

Eagle Fire is a provider of recurring inspection, testing, maintenance, and construction of fire protection systems to industrial, commercial and government customers across the Southeast. Eagle Fire was founded in 1987 and is headquartered in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Living Ecology

Henderson, Nevada, United States

Living Ecology is a developer, formulator, and manufacturer of functional foods and nutritional supplements. Living Ecology specializes in the manufacturing of functional fruit and nutritional bars, which is an area of growth and offers an array of services covering a range of form factors including bites, powders, and capsules. Living Ecology is based in Henderson, Nevada.

Sell -