Davis Polk Advised Bansk Group On $1.5 Billion Acquisition Of PetIQ
Davis Polk advised Bansk Group LLC on its $1.5 billion acquisition of PetIQ, Inc., resulting in the company going private
Davis Polk Advised Bansk Group On $1.5 Billion Acquisition Of PetIQ
Davis Polk advised Bansk Group LLC on its $1.5 billion acquisition of PetIQ, Inc., resulting in the company going private. The transaction was expected to close in the fourth quarter of 2024, pending customary closing conditions. Upon completion of the deal, PetIQ was set to be delisted from Nasdaq and operate as a privately held company.
Headquartered in Eagle, Idaho, PetIQ was a leading provider of pet medication, health, and wellness products, offering pet owners convenient access to affordable products and veterinary services.
Bansk Group, founded in 2019, is a New York-based private investment firm focused on building and investing in distinctive consumer brands across four main sectors: beauty and personal care, consumer health, food and beverage, and household products.
The Davis Polk corporate team included Partners William J. Chudd and Darren M. Schweiger, along with Associate F. Adam Abulawi.
The Sponsor Finance team was comprised of Partner Hilary Dengel and Associate Zoe Chen. Partner Adam Kaminsky provided Executive Compensation Advice, while Partner Mark J. DiFiore offered capital markets advice. Partner Howard Shelanski handled antitrust and competition matters, and Partner Pritesh P. Shah Managed Intellectual Property considerations. Counsel David A. Zilberberg provided environmental advice.
Members of the Davis Polk team were based in the New York and Washington DC offices