(Yicai Global) March 3 -- Chinese make-up retailer Perfect Diary’s parent has acquired Hong Kong-based skincare brand Eve Lom four months after buying French skincare products maker Galenic.

Yatsen Holding expects to purchase Eve Lom from London-based Manzanita Capital within the next few weeks, the Guangzhou-headquartered buyer said in a statement today, without disclosing financial details. The target firm will continue research and production after the transaction and the former parent will keep on holding some stock.

Founded in 1985 by facials Eve Lom, the company has hundreds of thousands of followers on microblogging platform Weibo and social shopping application Little Red Book.

"It is not easy for Chinese beauty companies to enter the high-end skincare sector," said Yatsen founder and Chief Executive David Huang, adding that the company's next challenge is to make high-end skincare products.

Eve Lom has been growing under the VC firm. “We are proud to have watched Eve Lom’s development from a niche brand into a global business with a presence across North America, Europe, and Asia,” said Andras Szirtes, managing partner at Manzanita.

"We are convinced that Yatsen’s strong roots with Asian consumers, exceptional e-commerce capabilities, and proven track record of innovation will further accelerate Eve Lom’s growth," Szirtes added.

Yatsen [NYSE:YSG] climbed 3.2 percent higher to USD19.29 yesterday. Last November, the firm raised USD616.9 million by going public on the New York Stock Exchange.

Editor: Emmi Laine, Xiao Yi