June 13, 2008
Kelley Drye & Warren LLP represented H2O Plus, LLC in the sale of its business to Cordova Smart & Williams, a New York-based private equity investment firm, and Goldman Sachs Urban Investment Group. Details of the deal were not disclosed.
H2O Plus is a Chicago-based company engaging in developing, manufacturing, marketing and distributing water-based and sea-derived personal care products. Founded in 1989 by Cindy Melk, the company focuses on health and beauty products including spa, bath and body, hair care, fragrances and accessories. Melk will remain with the company as Chief Creative Officer.
The Kelley Drye team was led by Chicago partner Timothy R. Lavender. The firm advised H2O commencing with the selection of the right investment banking firm through the close of the sale transaction.
“We are extremely pleased with Kelley Drye and the level of service we have received over the years,” said Melk. “The attorneys we have worked with have an incredible in-depth understanding of our business needs and manage to be thorough, creative and very efficient."
The Chicago office of Kelly Drye has extensive experience in mergers and acquisitions, and through its connections with private equity firms and investment banking firms throughout the country is able to effectively and efficiently assist its clients in finding the right sources of capital or buyers.