Ropes & Gray Represents Avista Capital Partners in its Agreement to Sell Arcadia Consumer Healthcare
Ropes & Gray represented Avista Capital Partners in its agreement to sell Arcadia Consumer Healthcare to Bansk Group. Terms of the transaction, which was announced on Aug. 9, were not disclosed. The press release is available here. Ropes & Gray previously represented Arcadia Consumer Healthcare in its acquisitions of Nizoral®, Kaopectate® and NATURELO®.
Avista Capital Partners is a leading private equity firm focused exclusively on healthcare. Arcadia Consumer Healthcare is a recognized leader in the consumer healthcare market for over-the-counter medicines and premium vitamins and nutritional supplements.
The transaction is expected to close in September, subject to customary closing conditions and regulatory approvals.
The Ropes & Gray team that advised Avista Capital was led by private equity partner Bob Rivollier and private equity associates Randy Limberg and Hannah Hwang (all of New York), and included finance partner Arek Maczka (New York), employment, executive compensation & benefits partner Alexandra Alperovich (New York), tax partners Benjamin Rogers (San Francisco) and Pamela Glazier (Boston), health care partner Christina Bergeron (Boston), life sciences regulatory & compliance partner Kelli Combs (Washington D.C.), and data, privacy & cybersecurity counsel Kevin Angle (Boston).