Institute for Integrative Nutrition’s Transaction with Norwest Equity Partners

BMO Capital Markets advised Integrative Nutrition on the transaction; Jones Day provided legal services for NEP; PennantPark Investment Advisers provided senior debt financing; and Norwest Mezzanine Partners provided subordinated debt financing. Arnold & Porter advised the Institute for Integrative Nutrition.

Norwest Equity Partners (“NEP”), a leading middle market investment firm founded in 1961, has made a significant investment in the Institute for Integrative Nutrition, the largest and oldest professional health coaching certification program worldwide. NEP’s investment marks the first time Integrative Nutrition has partnered with an investor, marking a significant milestone that will help the Company add incremental course offerings, diversified content, and expand its geographic reach. The transaction closed on October 1, 2018; financial terms were not disclosed.

Founded in 1992 by Joshua Rosenthal, Integrative Nutrition was once a small classroom of passionate students in New York City, and has since grown to be the largest health coaching school in the world, providing a global learning experience through its innovative online learning platform for approximately 100,000 students and graduates in over 150 countries worldwide. Offering an innovative, 6 or 12 month long Health Coach Training Program, Integrative Nutrition has positioned itself to help change the landscape of health and wellness around the world. The Company’s holistic program teaches dietary theories as well as personal development philosophy, health coaching, and business skills through a well-regarded network of world-class educators and guest lecturers, including the world’s leading physicians, researchers, doctors, and nutrition experts.

Norwest Equity Partners with a team led by Lisa S. Lathrop (Picture) and Kevin M. Samuels.

Arnold & Porter advised the Institute for Integrative Nutrition with a team including Corporate and Finance partners Mark Kingsley and Mel Cherney, with support from associates Shay Soltani and Sarah Wilhelm. The team also included partners Laurie Abramowitz and Jeff London, and associate Reuven Graber.

Involved fees earner: Mark Kingsley – Arnold & Porter Kaye Scholer LLP; Emanuel Cherney – Arnold & Porter Kaye Scholer LLP; Shay Soltani – Arnold & Porter Kaye Scholer LLP; Sarah Wilhelm – Arnold & Porter Kaye Scholer LLP; Laurie Abramowitz – Arnold & Porter Kaye Scholer LLP; Reuven Graber – Arnold & Porter Kaye Scholer LLP; Jeffrey London – Arnold & Porter Kaye Scholer LLP; Lisa Lathrop – Jones Day; Kevin Samuels – Jones Day;

Law Firms: Arnold & Porter Kaye Scholer LLP; Jones Day;

Clients: Norwest Equity Partners ; Institute for Integrative Nutrition;

Author: Ambrogio Visconti