Davis Polk is advising Bansk Group in connection with its acquisition of Woodstream Corporation. Bansk Group is a private investment group focused on growth companies and has approximately $1.5 billion in assets under management. Bansk Group was founded by Bart Becht, the former CEO of Reckitt Benckiser, who is also a Senior Partner and the Chairman of the Bansk Group. The transaction is expected to close in the fourth quarter of 2020, subject to regulatory approval and customary closing conditions.
Woodstream is a leading manufacturer and marketer of a broad portfolio of branded pest control, electronic animal containment, and lawn & garden products, under brands such as Victor, Terro, DynaTrap, Safer, Havahart, Mosquito Magnet, Perky-Pet, and Zareba, among others. Woodstream’s products, which have leading market share positions within their respective segments, are sold at more than 100,000 retail locations and to professional pest control providers throughout the United States, Canada, the United Kingdom, and other international markets.
The Davis Polk corporate team includes partners William J. Chudd and Darren M. Schweiger and associates Samuel S. Kim and Benjamin Perry. The finance team includes partner Sartaj Gill and associates Michael Fan and Catherine Lo. Partner Adam Kaminsky is providing executive compensation advice. Partner David H. Schnabel is providing tax advice. Partner Pritesh P. Shah is providing intellectual property advice. Members of the Davis Polk team are based in the New York and Washington D.C. offices