M&A Deal Summary

Inspirit Capital Acquires This Works

On December 18, 2023, private equity firm Inspirit Capital acquired consumer products company This Works from Canopy Growth for 9M GBP

Acquisition Highlights
  • This is Inspirit Capital’s 1st transaction in the Consumer Products sector.
  • This is Inspirit Capital’s 2nd largest (disclosed) transaction.
  • This is Inspirit Capital’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2023-12-18
Target This Works
Sector Consumer Products
Buyer(s) Inspirit Capital
Sellers(s) Canopy Growth
Deal Type Divestiture
Deal Value 9M GBP

Target

This Works

London, United Kingdom
This Works is a provider of natural beauty products focused on developing, marketing, distributing, and selling aromatherapeutic beauty products across the body care, skin care, and sleep categories to a diverse set of health and wellness, specialty beauty, and third-party e-commerce retailers. This Works was founded in 2003 and is based in London, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Inspirit Capital is a private investment firm focused on acquiring small to mid-sized companies throughout the UK. The Firm will consider a variety of investment situations including corporate divestitures, buy-and-builds, and other special situations. Inspirit does not have any sector preferences and seeks businesses with at least £20 million in revenue. Inspirit Capital was formed in 2019 and is based in London.


DEAL STATS #
Overall 9 of 13
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 7 of 8
Country: United Kingdom M&A 9 of 11
Year: 2023 M&A 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 CWind

North Lincolnshire, United Kingdom

CWind is an integrated service provider (ISP) that supports the wind industry by providing on-demand services. CWind is based in North Lincolnshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Wiley Edge

Hoboken, New Jersey, United States

Wiley Edge is a knowledge company in research, publishing, and knowledge solutions. Dedicated to the creation and application of knowledge, Wiley serves the world’s researchers, learners, innovators, and leaders, helping them achieve their goals and solve the world’s most important challenges. Wiley Edge was founded in 1807 and is based in Hoboken, New Jersey.

Buy -

Seller(S) 1

SELLER

Canopy Growth

Smiths Falls, Ontario, Canada

Category Company
Founded 2009
Sector Medical Products
Employees960
Revenue 269M CAD (2025)
DESCRIPTION

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Jetty Extracts

Oakland, California, United States

Jetty Extracts is cannabis company focused on craft and innovation while applying a strict adherence to compliance, fiscal responsibility, environmental concerns, and community commitment (with a little time for some surfing in between). The company continues to focus on its state-of-the-art production facility, utilizing the latest technology to create industry-leading extracts including award-winning Solventless Vape, Live Resin Vape, and other products. Jetty also founded and operates The Shelter Project, a need-based program that has provided over $1 million worth of free cannabis products to cancer patients. Jetty Extracts is based in 2013 and is based in Oakland, California.

Buy $69M