Bansk Group announced on Wednesday it has acquired a majority stake in affordable skincare brand Byoma.

The New York-based consumer brands private investment firm acquired the Byoma stake from Yellow Wood Partners, a fellow private equity firm focused on consumer brands.

Terms of the transaction were not disclosed.

The Scottish skincare brand will continue to be helmed by founder and chief executive officer, Marc Elrick, following the transaction.

"Byoma was founded on the principle that most skin concerns originate from a compromised skin barrier. Therefore, we created Byoma to offer products specifically formulated to strengthen and maintain the skin barrier whilst delivering transformational results," said Elrick, who launched the science-focused skincare brand in 2022.

"Over the

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