The Bansk Group is set to acquire a majority stake in BYOMA, a science-backed, solution-focused skin health brand from Yellow Wood Partners.WHO: Founder and CEO Marc Elrick developed BYOMA in 2022 to address a need for affordable, highly efficacious, barrier-focused skincare. The brand is sold in Target, Ulta Beauty, Sephora, SpaceNK, and Boots in the UK. Yellow Wood Partners had a strong working partnership with Elrick since first acquiring a majority stake in his self-tan brands Tan Luxe, Isle of Paradise, and Tanologist in May 2020.Yellow Wood Partners' portfolio business Future Beauty Brands (FBB), formerly Paris Presents Inc., is home to iconic beauty brands Real Techniques and Eco Tools, sunless tanning brands Isle of Paradise, Tan Luxe, and Tanologist, and Freeman Beauty. FBB operates in over 70 markets globally, with brands available at all leading in-store and online retailers.Founded in 2019, Bansk Group is a New York–based private investment firm focused on investing in and building distinctive consumer brands. With over $3 billion in assets under management, the firm partners with differentiated brands across four primary consumer categories: personal care, consumer health, food & beverage, and household products. The Bansk portfolio includes Amika, Eva NYC, and Ethique.IN THEIR OWN WORDS: Marc Elrick, founder and CEO at BYOMA, said,  "Over the past three years, we've developed strong, sustained momentum and have established BYOMA as a key growth driver and top five skincare brand at leading retailers across markets while building trust and credibility with consumers. This transaction unlocks an accelerated growth trajectory in our journey.