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FRP Corporate Finance has advised private equity firm, Inspirit Capital on the acquisition of skin and body care solutions brand, This Works, from Canopy Growth Corporation.
This Works offers a range of high-quality natural skincare and sleep solution products to consumers.
It has launched several category defining sleep products and has remained at the forefront of trends in skincare and wellness since 2003.
Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives.
FRP Corporate Finance was appointed as adviser to support Inspirit throughout the transaction, offering particular insight, knowledge and expertise in the beauty and wellness sector.
The team was led by partner Victoria Kisseleva and supported by senior manager Chris King, senior manager Madhavi Morjaria and assistant manager Satnaam Virdee.
Kisseleva said: said: “As the frontrunner in pioneering sleep solutions and specialised skincare, This Works has not only transformed the well-being of tens of thousands but has also become the paramount force in addressing the essential need for quality sleep in our fast-paced lives.
“It’s truly rewarding to have played a role in supporting Inspirit Capital’s inaugural venture into the beauty and wellness sector. Together, they are poised to elevate This Works to unprecedented success, reinforcing its dominant position in the industry.”
Will Stamp, partner at Inspirit Capital, added: “We are excited to invest in This Works and support Anna and the team pursue their ambition for the business. They are well positioned to capitalise on the ongoing growth in consumer interest in sleep and wellness, given the strong brand equity and their track record of product innovation. This deal also further underlines Inspirit’s status as a trusted partner for delivering divestments from corporate vendors.”
