REPORTING LIVE FROM BEANSTALK: BANSK GROUP TO BUY MAJORITY STAKE IN BYOMA FROM YELLOWWOOD PARTNERS Byoma, a brand founded on products that boost the skin's barrier with simple and effective formulations, is being acquired by Bansk Group, after being controlled by Yellow Wood Partners since 2020 Both of these PE groups are operating out of similar sized funds; with Yellow Wood’s most recent fund coming in at $750m in 2022, and Bansk at $800m in 2023. Bansk also owns beauty brands Amika, Ethique, and Eva NYC. Financial terms were not disclosed, but Byoma is reported to do around $300m in global retail sales and was asking 13-15x EBITDA. Unsurprisingly, Raymond James advised on the transaction. Beauty M&A was quiet for a period after Aesop ($2.5B, L’Oreal) and K18 (undisclosed, Unilever) Hero ($630m, Church & Dwight) and others traded in 2022 but has been back with a vengeance in 2025: - Medik8 (L’Oreal): $1B (8x sales) - Dr. Squatch (Unilever): $1.5B (rumored) - Rhode (E.L.F.) $1B (4.7x sales) - Touchland (Church & Dwight): $880m - Wild (Unilever): $286m (4.9x sales) Other beauty brands on M&A watch include: Prose, Bubble Skincare
Beauty is an amazing industry!
Exciting updates, Drew! Scaling with Beanstalk clearly shows how strategic support can turn early wins into sustainable growth. Keen to see the impact unfold.
Beauty M&A is definitely not dead but thriving!
Crazy work ethic thanks for the report
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1moGreat insights on beauty M&A momentum Drew. What's driving Bansk's consolidation strategy?