Mubadala Investment Company has divested its minority stake in Arcadia Consumer Healthcare, a prominent US-based consumer health and wellness platform.
This sale aligns with the recently announced acquisition of Arcadia by funds managed by Bansk Group, marking a significant development in the healthcare sector.
Philip Yifei Bao, Director, Private Equity at Mubadala, commented that, “It has been a privilege to partner with Bansk, Mike DeBiasi, and the Arcadia team over the past four years.”
Philip Yifei Bao Director – Private Equity Mubadala
“We are incredibly proud to have supported the transformation of Arcadia into the leading North American consumer health and wellness platform, through an acceleration of organic growth supplemented by the successful integration of the strategic acquisitions of Avrio and CloSYS. During our four-year partnership, Arcadia’s revenue tripled, alongside a material improvement in profitability, reflecting the strength of the team and the platform’s growth trajectory. We are confident that Arcadia will thrive under the continued stewardship of the Bansk, and we wish them every success as they embark on this next chapter.”
Bart Becht, Senior Partner and Chairman at Bansk, said that, “We would like to thank Mubadala for their partnership over the last four years. Their long-term perspective, active management style, and commitment to responsible stewardship played a key role in accelerating Arcadia’s growth and setting the company up for sustained success.”
Recently, AppliedAI, an Abu Dhabi-based artificial intelligence startup specializing in AI-native workflow solutions for regulated industries, completed a Pre-Series B funding round led by the MENA Venture Capital Fund at Mubadala Investment Company and Arbor Ventures.
This investment will help scale its enterprise AI platform, Opus, which is designed for mission-critical operations, supporting the company’s global expansion.
