Blacks lends local hero a hand in acquisition

Leeds law firm Blacks Solicitors has helped fellow local business hero complete a significant acquisition, enabling the digital wellness company to enhance its corporate nutritional guidance offering.

With the support of Blacks, the Leeds-based digital wellness company, hero, which helps individuals and companies focus on health and wellbeing to increase productivity, purchased the professional sports nutrition business, Colour-Fit.

The acquisition allows hero to incorporate Colour-Fit’s nutrition system into its corporate wellbeing services offering.

Blacks was appointed to oversee the deal after working closely with hero on previous investments.

Pete Konieczko-Hansom, an associate in the corporate and commercial team at Blacks, said: “We thoroughly enjoyed working closely with hero and applying our extensive experience in the health, fitness and wellbeing sector to support a fellow local business.”

“The licensing of the intellectual property in Colour-Fit was particularly significant in this deal. Careful drafting was required to ensure the collaborative nature of the transaction was reflected and this will enable the parties to continue to expand and grow in the future.”

Founder and CEO of hero, Joe Gaunt, who will become CEO of Colour-Fit, said: “We were very impressed with how attentive, thorough and helpful the Blacks Solicitors team were to ensure the deal was completed as smoothly and efficiently as possible.”

“It was very important for us that the acquisition was completed in time for the start of the new football and rugby seasons, and Pete and the team worked very hard to ensure this brief was met.”

In addition to Blacks, Sagars advised on the tax and financial due diligence aspects of the deal, while Fieldfisher represented Colour-Fit.

Pictured, from left to right: Joe Gaunt, Pete Konieczko-Hansom and Tom Little