Global law firmK&L Gatesadvised Flywheel Partners Limited on the sale of a minority stake in Natural Innovations, a specialist in plant-led and bespoke vegetable solutions for food industry and foodservice customers, to Solina, a leading global food ingredients company and Astorg portfolio company.
London private equity partnerJulian Grantled the team that assisted Flywheel on the transaction, assisted by senior associateVijesh Parmar, associateCourtney Hunter, and banking partnerMichael Anderson.
"It was an absolute pleasure advising longstanding client Flywheel on its milestone transaction with Solina," Grant commented. "This deal demonstrates the strong value Flywheel built since its investment, alongside an exceptional management team. We are delighted to see Natural Innovations gain a market leading partner in Solina and we look forward to the next exciting phase of growth. This transaction underlines our private equity team's ability to execute complex transactions, driving value for our sponsor clients."
Daniel Greenaway, partner in the K&L Gates London private equity team and relationship partner for Flywheel, remarked: "We are delighted to have supported longstanding client Flywheel on this significant transaction. We have worked closely with the team over many years and look forward to continuing our partnership as they build their firm and pursue further successful acquisitions."
Avital Lobel, Managing Partner at Flywheel Partners, said: "The team at K&L Gates was exceptional throughout the transaction and delivered a successful outcome in what was a complex transaction. We thank them for their commitment and ongoing support and look forward to continuing working with them on future opportunities."
K&L Gates'Corporatepractice is one of the most substantial in the legal industry, with hundreds of lawyers in offices across the globe providing clients with practical legal solutions in the structuring, financing, and closing of domestic, international, and cross-border transactions.