Davis Polk is advising Cornell Capital LLC on the merger of its portfolio company, Corelle Brands LLC, with Instant Brands, Inc. The transaction is expected to close by the end of the second quarter of 2019. Financial terms of the transaction were not disclosed.
Founded by Henry Cornell, Cornell Capital is a private investment firm that takes a value-driven approach to investing. Founded in 2009 and headquartered in Ottawa, Ontario, Instant Brands specializes in designing and marketing innovative small kitchen appliances for busy home cooks who live a health-conscious and eco-friendly lifestyle. Headquartered in Rosemont, Illinois, Corelle Brands manufactures and markets products worldwide through a portfolio of well-recognized and respected brands, including Pyrex, Corelle, CorningWare, Snapware, Chicago Cutlery and Olfa.
The Davis Polk corporate team includes partner William J. Chudd and associates Matthew J. Cowcher and Chaoshun (Jeff) Zuo. The credit team includes partner J.W. Perry and associate Jonathan B. Brown. Partner Pritesh P. Shah and associate Mikaela Dealissia are providing intellectual property and technology advice. Partner Veronica M. Wissel and associate Travis Triano are providing executive compensation advice. The tax team includes partner David H. Schnabel and counsel Ethan R. Goldman. All members of the Davis Polk team are based in the New York office.