M&A Deal Summary

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

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

Acquisition Highlights
  • This is Cornell Capital’s 1st, Cohesive Capital Partners’ 1st and Constitution Capital Partners’ 3rd transaction in the Life Science sector.
  • This is Cornell Capital’s 11th, Cohesive Capital Partners’ 23rd and Constitution Capital Partners’ 62nd transaction in the United States.
  • This is Cornell Capital’s 1st, Cohesive Capital Partners’ 1st and Constitution Capital Partners’ 1st transaction in Utah.

M&A Deal Summary

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

Target

Innovations in Nutrition + Wellness

Farmington, Utah, United States
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 Farmington, Utah.

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Buyer(S) 3

Buyer

Cornell Capital

Investor Investor Investor Investor Investor


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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 6
State: Utah M&A 1 of 1
Country: United States M&A 11 of 14
Year: 2021 M&A 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 -
Buyer
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 31
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 6
State: Utah M&A 1 of 1
Country: United States M&A 23 of 29
Year: 2021 M&A 3 of 6
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 DC.

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 -
Buyer
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 66 of 89
Sector: Life Science M&A 3 of 3
Type: Secondary Buyout M&A Deals 25 of 40
State: Utah M&A 1 of 2
Country: United States M&A 62 of 83
Year: 2021 M&A 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Dr. Praeger’s Sensible Foods

Elmwood Park, New Jersey, United States

Dr. Praeger’s Sensible Foods is a brand specializing in delicious, nutritious plant-based frozen and refrigerated foods made from simple ingredients. Dr. Praeger’s Sensible Foods was founded in 1994 and is based in Elmwood Park, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Friday Health Plans

Alamosa, Colorado, United Kingdom

Friday Health Plans is a healthcare management company that offers people and small businesses who buy their own health insurance. The company focuses on overall simplicity to offer affordable health plans with benefits that help members stay healthy and cover them if they get sick or hurt. Friday Health Plans was formed in 2015 and is based in Alamosa, Colorado.

Buy $100M

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 M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 8
State: Utah M&A 1 of 1
Country: United States M&A 10 of 14
Year: 2021 M&A 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 -