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News > News > Bansk Group Acquires Majority Stake in amika and Eva NYC
May 25, 2022

Bansk Group Acquires Majority Stake in amika and Eva NYC

Amika, Eva NYC
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amika & Eva NYC Announces New Owner

Bansk Group (“Bansk”), a private investment firm dedicated to building consumer brands, announced that it has entered into a definitive agreement to acquire a majority stake in amika and Eva NYC, two of the fastest-growing independent haircare brands in the U.S. 

 

Upon the close of the transaction, amika and Eva NYC will continue to operate as individual brands under their respective presidents, Chelsea Riggs and Jane Moran. In this new partnership, the brands will seek to expand their reach while continuing to be industry leaders in sustainability, efficacy and innovation.

 

“We are excited to partner with brands that share our vision for the future of the beauty and haircare industry,” said Chris Kelly, Partner at Bansk Group. “Today’s haircare consumers are increasingly passionate and educated about the quality of the haircare products they use, driving exciting growth opportunities. Both amika and Eva NYC are [well-positioned to capture this growth].”

 

The Bansk team has developed a track record of building exceptional beauty and personal care brands, as amika and Eva NYC will be the firm’s second and third acquisitions in the beauty category. This is following the firm’s 2020 acquisition of Ethique, a mission-driven brand offering a wide range of waterless, plastic-free beauty and personal care products.

 

For more information, visit loveamika.com, eva-nyc.com or banskgroup.com.

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