M&A Deal Summary

Bansk Group and Stellus Capital Management Acquire Amika

On May 12, 2022, private equity firms Bansk Group and Stellus Capital Management acquired consumer products company Amika

Acquisition Highlights
  • This is Bansk Group’s 5th and Stellus Capital Management’s 2nd transaction in the Consumer Products sector.
  • This is Bansk Group’s 4th and Stellus Capital Management’s 16th transaction in the United States.
  • This is Bansk Group’s 2nd and Stellus Capital Management’s 2nd transaction in New York.

M&A Deal Summary

Date 2022-05-12
Target Amika
Sector Consumer Products
Buyer(s) Bansk Group
Stellus Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Financo (Financial)
Sidley (Legal)

Target

Amika

Brooklyn, New York, United States
Amika is an independent haircare brand that sits at the intersection of professional, prestige, and digital channels. amika’s clean and highly effective portfolio of hair care products and tools has earned the brand numerous accolades. Amika was founded in 2009 and is based in Brooklyn, New York.

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Buyer(S) 2

Buyer

Bansk Group

Investor


Category Private Equity Firm
Founded 2019
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Bansk Group is a consumer focused private equity firm. Specific areas of interest include household products, beauty & personal care, consumer health, and food/beverage. The Firm looks to invest $100 to $400 million and looks to be a long-term partner with management in pursuing new avenues for growth. Bansk Group was established in 2019 and is headquartered in New York City.


DEAL STATS #
Overall 5 of 9
Sector (Consumer Products) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (New York) 2 of 2
Country (United States) 4 of 8
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Eva NYC

Brooklyn, New York, United States

Eva NYC is an operator of a masstige haircare brand in the U.S.committed to delivering products with proven results at accessible price points and is the only masstige brand with an aluminum packaging portfolio that is 100 percent recyclable, certified cruelty-free, vegan, non-GMO, and free of harmful ingredients. Eva NYC was founded in 2012 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-15 Red’s All Natural

Franklin, Tennessee, United States

Red's All Natural is a better-tasting brand of clean-label frozen burritos and breakfast sandwiches. Red’s All Natural was founded in 2009 and is based in Franklin, Tennessee.

Buy -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 16 of 23
Sector (Consumer Products) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (New York) 2 of 3
Country (United States) 16 of 23
Year (2022) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Eva NYC

Brooklyn, New York, United States

Eva NYC is an operator of a masstige haircare brand in the U.S.committed to delivering products with proven results at accessible price points and is the only masstige brand with an aluminum packaging portfolio that is 100 percent recyclable, certified cruelty-free, vegan, non-GMO, and free of harmful ingredients. Eva NYC was founded in 2012 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Baker Manufacturing

Evansville, Wisconsin, United States

Baker Manufacturing is a manufacturer of pumps for the viscous fluid transfer market; water well equipment and accessories for residential and industrial/municipal water systems; and short-run castings for general industrial markets. Baker Manufacturing was founded in 1873 and is based in Evansville, Wisconsin.

Buy -