Bansk Group Surpasses Expectations with $1.45 Billion Fund II Closure

Bansk Group Achieves Record-Breaking Fund Closure

Bansk Group, a private investment firm concentrating on unique consumer brands, has recently announced the successful closure of its second fund, known as Bansk Fund II, with an impressive total commitment of $1.45 billion. This dedication surpasses the fund's original goal of $1 billion, marking a significant achievement in the company's investment journey.

Strong Investor Support and Diversification

The closure of Fund II was met with robust participation from existing investors alongside commitments from a diverse range of new global partners. This support emphasizes a strong belief in Bansk's investment strategy, which is centered on partnering with capable management teams in consumer staples like consumer health, food & beverage, household products, and personal care. With these sectors continuously evolving, Bansk’s ability to adapt and optimize its investment approach is a testament to its foresight and skill in the CPG arena.

With regards to their previous ventures, Bansk's inaugural fund, which closed at $800 million in July 2023, is now fully deployed with investments across seven distinct brands. Following the closure of Fund II, Bansk's assets under management exceed $5 billion, including co-investments, illustrating the firm's growing influence in the investment world.

Proven Strategy and Team Expertise

Senior Partner and Chief Investment Officer, Brian O'Connor, expressed pride in the overwhelming support from both new and returning investors. He acknowledged their shared belief in Bansk's validated investment strategy and recognized the ample opportunities that exist in today’s CPG marketplace. He emphasized that this fundraise underscores the team's proven track record of delivering impressive outcomes for investors, acknowledging their continued support with gratitude.

Chris Kelly, another Senior Partner at Bansk, highlighted the firm's operational value-creation model which they implement to build distinct consumer staple brands. By ensuring that these brands are positioned for effective scaling and long-term growth, Bansk is poised to make sustainable impacts within the consumer market.

Bart Becht, Senior Partner and Chairman at Bansk, commented on the successful fundraising as a crucial milestone in Bansk's ambition to establish itself as a leading CPG investment firm. He noted that since the company's inception, the emphasis has always been on investing in brands that have distinctive edges and aligning them with exemplary management teams to generate powerful outcomes.

Recent Investments in Fund II

Thus far, Fund II has made successful investments in three notable companies: PetIQ, BYOMA, and Arcadia Consumer Healthcare. These investments align closely with Bansk's focus on the core sectors identified in their strategic playbook. In addition, Fund I resulted in seven investments, including names like Foundation Wellness, Red's, and Woodstream, all of which further characterized the firm’s dedication to nurturing potential-led brands.

To ensure thorough legal guidance, Kirkland & Ellis LLP were appointed as fund counsel while Evercore Private Funds Group acted as the exclusive global placement agent.

About Bansk Group

Founded in 2019, Bansk Group is headquartered in New York and remains dedicated to investing in and cultivating notable consumer brands. With an extensive background in the industry, the firm has managed to accumulate over $5 billion in assets while forging partnerships with brands across four main consumer sectors: personal care, consumer health, food & beverage, and household products. Their experienced investors and operators have participated in over 40 transactions, investing in innovative consumer companies with impactful outcomes that continue to thrive within an ever-evolving marketplace.

For more information about the investments, team, and evolving plans, you can access Bansk Group’s official website at www.banskgroup.com.