Avista-backed WellSpring, a developer and marketer of leading over-the-counter and personal care brands, agreed to acquire skin care brands from Bayer, a multinational pharmaceutical and biotechnology company. Financial terms were not disclosed. "This is a highly strategic acquisition for WellSpring, which not only adds established OTC brands to the WellSpring portfolio, but also provides attractive scale, future growth opportunities, and expands our presence in one of WellSpring's core product categories. We are excited for WellSpring to continue building upon the strong heritage of these brands through innovative and high-quality new product development," Alex Yu, Avista Partner.