Davis Polk advised Bansk Group on the deal.
Bansk Group executed its acquisition of a majority stake in amika and Eva NYC. Financial terms of the transaction were not disclosed.
Bansk Group is a New York-based private investment firm focused on investing in and building distinctive consumer brands. Founded in 2009, amika is one of the largest independent haircare brands in the United States and the only one of scale at the intersection of professional, prestige, and digital channels.
Founded in 2012, Eva NYC has become one of the fastest growing masstige haircare brands in the U.S. Eva NYC is committed to delivering high-quality products with proven results at accessible price points, and is the only masstige brand with an aluminum packaging portfolio that is 100% recyclable, certified cruelty-free, vegan, non-GMO and free of harmful ingredients.
Financo | Raymond James served as financial advisor to amika and Eva NYC. Jefferies served as financial advisor to Bansk Group.
The Davis Polk corporate team included partners William J. Chudd (Picture) and Darren M. Schweiger and associates Lisa Ogust and Alex S. Burger. The tax team included partner David H. Schnabel and associate Danielle Rapaccioli. Partner Adam Kaminsky provided executive compensation advice. Partner Sartaj Gill and counsel Welton E. Blount provided finance advice. The intellectual property and technology transactions team included partner Pritesh P. Shah.
Involved fees earner: Welton Blount – Davis Polk & Wardwell; Alex Burger – Davis Polk & Wardwell; William Chudd – Davis Polk & Wardwell; Sartaj Gill – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; Lisa Ogust – Davis Polk & Wardwell; Danielle Rapaccioli – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Darren Schweiger – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
Clients: Bansk Group;