Bansk Group completed the acquisition of Arcadia Consumer Healthcare from Avista Capital Partners.

Bansk Group, a private investment firm focused on building distinctive consumer brands, completed the acquisition of Arcadia Consumer Healthcare, a marketer of branded consumer healthcare products, from Avista Capital Partners, a private equity firm focused exclusively on healthcare. Financial terms were not disclosed. "Avista invested in Arcadia because we saw the potential for the brands to capitalize on the growing trends in self-care. We are thrilled with the partnership we've enjoyed with Arcadia in developing a highly-effective strategic M&A program, investing in innovation, and expanding into new markets beyond traditional OTC. We're confident that Arcadia will continue to succeed under Bansk's ownership, particularly with Mike DeBiasi and his team remaining at the helm, and are grateful for the opportunity to support them over these last three years," Rob Girardi, Avista Partner.