Houlihan Lokey announced that Arcadia Consumer Healthcare, a portfolio company of Avista Capital Partners, has entered into a definitive agreement to be acquired by Bansk Group.
Arcadia Consumer Healthcare is a recognized leader in the consumer healthcare market and is one of the fastest growing consumer health platforms in the U.S., offering premium vitamin and nutritional supplements and OTC medicines in the therapeutic hair care, foot care, and specialty cough categories. Arcadia has leveraged a robust brand-building engine and highly strategic M&A program to assemble a platform of category-leading brands that include Nizoral®, a highly efficacious therapeutic dandruff shampoo brand, and NATURELO®, a leader in premium vitamins and nutritional supplements. Arcadia Consumer Healthcare’s products can be found in over 60,000 stores nationwide and through online retailers, including Amazon, iHerb, Target, Walmart, Walgreens, CVS, Kroger, Publix, and many more.
Founded in 2005, Avista Capital is a leading New York–based private equity firm with nearly $8 billion invested in 40 growth-oriented healthcare businesses globally. Avista partners with businesses that feature strong management teams, stable cash flows, and robust growth prospects—investing in the medical devices and technologies, pharmaceuticals, outsourced pharmaceutical services, healthcare technology, healthcare distribution, and consumer-driven healthcare sectors. Avista’s operating executives and advisors are an integral part of the team, providing strategic insight, operational oversight, and senior counsel, which help drive growth and performance while fostering sustainable businesses and creating long-term value for all stakeholders.
Founded in 2019, Bansk is a New York–based private investment firm focused on investing in and building distinctive consumer brands. Bansk’s thematic approach places great value on partnering with exceptional founders and management teams to drive outsized growth across many sectors, including consumer health, household products, beauty and personal care, and food and beverage. Led by a tenured group of investors and operators, the Bansk team brings more than three decades of investment experience in the consumer products industry, an international network of relationships and resources, and a tested value creation playbook.
Houlihan Lokey served as the exclusive financial advisor to Arcadia Consumer Healthcare and assisted in structuring and negotiating the transaction on its behalf. This transaction underscores Houlihan Lokey’s deep expertise in consumer health and personal care, representing the firm’s tenth transaction in the sector over the past 18 months. Other recent transactions include the sales of Nuun to Nestlé Health Sciences, Mommy’s Bliss to Swander Pace Capital, SmartyPants Vitamins to Unilever, Duke Cannon to Main Post Partners, and Care/of to Bayer.