Positions Fast-Growing Independent Haircare Brands to Expand Reach and Bring Sustainable, Quality, and Effective Haircare to a Broader Community of Diverse and Passionate Consumers and Professionals NEW YORK, May 12, 2022 /PRNewswire/ — Bansk Group (“Bansk”), a consumer-focused personal funding agency devoted to constructing distinctive shopper manufacturers, in the present day introduced that it has entered into a definitive settlement to purchase a majority stake in amika and Eva NYC, two of the fastest-growing scaled impartial haircare manufacturers in the U.S. Terms of the transaction weren’t disclosed.Founded in 2009, amika is likely one of the largest impartial haircare manufacturers in the U.S. and the one one in all scale on the intersection {of professional}, status, and digital channels. Brooklyn-born and salon-raised, amika’s unwavering dedication to professional-quality merchandise has guided the event of a clear and extremely efficient portfolio of haircare merchandise and instruments which can be formulated following EU requirements and with out dangerous substances corresponding to SLS and SLES. amika’s high-quality, modern, and accountable merchandise cater to all hair sorts, textures, and kinds, and its model and creative tradition are outlined by an inclusive ethos that has constructed a passionate and numerous group of loyal customers and salon professionals. Later this 12 months, amika will obtain the extremely regarded Clean at Sephora seal throughout its whole Sephora assortment, becoming a member of as solely the third skilled haircare model to qualify.Founded in 2012, Eva NYC has develop into one of many quickest rising masstige haircare manufacturers in the U.S. The model is dedicated to delivering high-quality merchandise with confirmed outcomes at accessible value factors, and is the one masstige model with an aluminum packaging portfolio that’s 100% recyclable, licensed cruelty-free, vegan, non-GMO, and freed from dangerous substances. Eva NYC has been acknowledged by its companions for its unrelenting concentrate on sustainability and has achieved all 5 pillars of Ulta’s Conscious Beauty accreditation in addition to Target Zero accreditations. Further underpinning its dedication to main environmental initiatives in the haircare {industry}, Eva NYC is the primary hair model to implement a styling device recycling program with Terracycle.Both manufacturers are Climate Neutral Certified and sustainably-minded with cruelty-free merchandise, PCR or aluminum packaging, and a concentrate on giving again to the group. In 2022, the manufacturers intend to obtain a B Corporation (“B-Corp”) certification, underscoring the distinctive and unmatched dedication to sustainability and inclusivity amika and Eva NYC characterize and enhance upon every day.Story continuesUpon the shut of the transaction, amika and Eva NYC will proceed to function as particular person manufacturers underneath their respective model presidents, Chelsea Riggs and Jane Moran. In partnership with Bansk Group, the manufacturers will search to increase their attain throughout clients, channels, and geographies, whereas persevering with to be {industry} leaders in sustainability, efficacy, and innovation.”We are excited to associate with manufacturers that share our imaginative and prescient for the way forward for the sweetness and haircare {industry},” mentioned Chris Kelly, Partner at Bansk Group. “Consumer curiosity in high-quality haircare has accelerated in current years, following the premiumization developments we’ve seen in different magnificence and private care classes. Today’s haircare customers are more and more passionate and educated in regards to the high quality of the haircare merchandise they use – and how these merchandise are formulated – driving thrilling development alternatives in status and masstige hair. Both amika and Eva NYC have constructed distinctive manufacturers based on confirmed efficacy, sustainability, and inclusivity, and are leaders in driving and celebrating innovation and range – effectively positioning them to seize this development.””We are thrilled to be part of forces with Bansk to construct on our momentum and speed up the attain of our mission of good friend to hair, hairstylist, individuals, and the planet in North America and worldwide markets,” mentioned Chelsea Riggs, amika Brand President. “Since inception, amika has pushed the boundaries of magnificence to create the perfect merchandise which can be additionally accessible, accountable, and beloved by each professionals and customers. We are assured that the model will proceed to excel with Bansk’s help and steerage.””Today’s announcement is a testomony to our steadfast dedication to creating a high-quality product and sustainability-focused model that our customers love,” mentioned Jane Moran, Eva NYC Brand President. “We look ahead to our new partnership with Bansk and leveraging their experience to take Eva NYC to new heights.”Over a number of many years in the buyer {industry}, members of the Bansk workforce have developed a monitor report of constructing distinctive magnificence and private care manufacturers. amika and Eva NYC would be the agency’s second and third acquisitions in the sweetness class, following the agency’s 2020 acquisition of Ethique, a mission-driven, B-Corp-certified model providing a complete vary of waterless, plastic-free magnificence & private care merchandise.Financo | Raymond James served as monetary advisor and Sidley Austin LLP acted as authorized counsel to amika and Eva NYC. Jefferies served as monetary advisor and Davis Polk & Wardwell LLP acted as authorized counsel to Bansk Group.About Bansk GroupFounded in 2019, Bansk Group is a New York-based personal funding agency targeted on investing in and constructing distinctive shopper manufacturers. With over $2 billion in property underneath administration, the agency companions with differentiated manufacturers throughout 4 major shopper classes: magnificence & private care, shopper well being, meals & beverage, and family merchandise.Bansk’s tenured group of buyers and operators have invested greater than $30 billion of fairness capital throughout greater than 40 transactions with a few of the most modern and well-known shopper firms in the world. With greater than three many years of funding expertise in the buyer merchandise {industry}, a world community of relationships, and a examined worth creation playbook, Bansk seeks to associate with distinctive founders and administration groups to drive outsized natural and acquisitive development and to place manufacturers for enduring long-term success in the evolving shopper panorama. www.banskgroup.comAbout amika Since its founding in 2009, amika has grown to develop into one of many largest impartial haircare manufacturers in the U.S. and is the one impartial model of scale that sits on the intersection {of professional}, status, and digital channels. amika’s clear and extremely efficient portfolio of haircare merchandise and instruments has earned the model quite a few accolades, together with its standing as a Top 10 hair model at Sephora, #2 associate model at SalonCentric, and one in all WWD’s Most Powerful Beauty Brands. Through its dedication to professional-quality merchandise and an inclusive ethos, amika has constructed a passionate and numerous group of customers and salon professionals.About Eva NYCFounded in 2012, Eva NYC is likely one of the quickest rising masstige haircare manufacturers in the U.S., with a deep concentrate on sustainability, affordability, and confirmed outcomes. The model was named one of many Top 10 quickest rising haircare manufacturers by Tribe Dynamics, the #1 quickest rising mass hair model at Ulta, and the #1 quickest rising hair model at Sally Beauty for the third consecutive 12 months. As the one masstige haircare model with an aluminum portfolio that’s 100% recyclable, licensed cruelty-free, vegan, non-GMO, and freed from dangerous substances, Eva NYC combines highly effective, clear substances with modern applied sciences and a main community of U.S. retail distribution partnerships to attain a rising variety of sustainably-minded clients every day.ContactsBansk GroupWoomi Yun / Erik CarlsonJoele Frank, Wilkinson Brimmer Katcher212-355-4449CisionView unique content material:https://www.prnewswire.com/news-releases/bansk-group-to-acquire-a-majority-stake-in-industry-leading-haircare-brands-amika-and-eva-nyc-301546278.htmlSOURCE Bansk Group
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