Inspirit acquires This Works

Inspirit acquires This Works

Inspirit Capital is pleased to confirm the acquisition of This Works, a leading sleep and skincare brand, from Canopy Growth Corporation. 

The company is based in the UK and sells to an international customer base through all major channels. This Works develops, markets and sells its own range of science-backed and clinically proven products. 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 and require a different ownership structure to achieve their full potential. 

Will Stamp, Partner at Inspirit Capital, said: “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.” 

Anna Persaud, CEO at This Works added: “Over the last few years, This Works has continued to develop exciting new products and formulations that our customers love, alongside growing our presence internationally. We are proud that our offering truly resonates with consumers seeking skincare and wellness products that are backed by science, and proven to work. We are confident that, with the support of Inspirit, This Works’s brand story will keep going from strength to strength.” 

Inspirit was advised on the transaction by FRP Advisory (Corporate finance), Freeths (Legal), JacksonBreen (IT), European Valuations (Collateral agents) and Close Brothers (Debt providers). Canopy Growth Corporation was advised by Jefferies (Corporate finance) and Goodwin (Legal). 

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