We are advising Bansk Group on the transaction 

Davis Polk is advising Bansk Group LLC on its $1.5 billion going-private acquisition of PetIQ, Inc. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Upon completion of the proposed transaction, PetIQ will no longer be listed on Nasdaq, and will be privately held.

Based in Eagle, Idaho, PetIQ is a leading pet medication, health and wellness company delivering a smarter way for pet parents to help their pets live their best lives through convenient access to affordable products and veterinary services.

Founded in 2019, Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. The firm partners with differentiated brands across four primary consumer categories: beauty and personal care, consumer health, food and beverage, and household products.

The Davis Polk corporate team includes partners William J. Chudd and Darren M. Schweiger and associate F. Adam Abulawi. The sponsor finance team includes partner Hilary Dengel and associate Zoe Chen. Partner Adam Kaminsky is providing executive compensation advice. Partner Mark J. DiFiore is providing capital markets advice. Partner Howard Shelanski is providing antitrust and competition advice. Partner Pritesh P. Shah is providing intellectual property advice. Counsel David A. Zilberberg is providing environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices. 

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