Zeno Equity Partners Ups Stake in Waldencast Amid Market Challenges.

Zeno Equity Partners LLP has acquired 1.81 million shares of Waldencast PLC at $2.06 per share, increasing its total holdings to 17.1 million shares. The acquisition highlights the firm's confidence in Waldencast's potential despite the company's current market challenges. Waldencast operates as a beauty and wellness platform through its Obagi Skincare and Milk Makeup segments, with a market capitalization of $206.7 million and a stock price of $1.68. The firm's financial metrics reveal potential performance issues and a challenging market environment.