Abu dhabi: Mubadala Investment Company (Mubadala) has announced the sale of its minority stake in Arcadia Consumer Healthcare, a prominent consumer health and wellness platform based in the United States. This transaction coincides with the recent acquisition of Arcadia by funds managed by Bansk Group.
According to Emirates News Agency, Philip Yifei Bao, Director of Private Equity at Mubadala, expressed his appreciation for the collaboration with Bansk and the Arcadia team over the past four years. Bao highlighted Mubadala's role in supporting Arcadia's transformation into a leading North American consumer health and wellness platform. This was achieved through the acceleration of organic growth and the successful integration of strategic acquisitions such as Avrio and CloSYS. During the partnership, Arcadia's revenue experienced a threefold increase, alongside significant improvements in profitability, which Bao attributed to the strength of the team and the platform's growth trajectory.
Bart Becht, Senior Partner and Chairman at Bansk, acknowledged Mubadala's contribution over the last four years. He praised Mubadala's long-term perspective, active management style, and commitment to responsible stewardship, which were instrumental in accelerating Arcadia's growth and setting the company on a path for sustained success.
