Advent International, a global private equity investor, is set to acquire a majority stake in LA-based body care brand Salt & Stone.
The partnership and fund injection will be used to fuel Salt & Stone’s next phase of growth, deepening the brand’s global reach and connection with consumers.
The terms of the deal, which is expected to close in April, have not been disclosed.
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Humble Growth, which made a minority investment in the company in 2024, will exit its investment.
“At Advent [International], we have a long history of partnering with distinctive, founder-led beauty brands to help them achieve their global ambitions, and we see that same opportunity at Salt & Stone,” said David Paresky, a Director at Advent International.
“We look forward to bringing our resources and expertise to support [Salt & Stone founder] Nima and the team as they continue to redefine modern, elevated self-care.”
Founded in 2017 by former professional snowboarder Nima Jalali, the business reported more than US$165m in revenue and double-digit growth across all channels in 2025.
Jalali, alongside President Meagan Rosson, and Abby Tellam, Chief Marketing Officer, will remain in key leadership roles.
Advent International stated that this is to ensure “continuity of the creative vision and brand identity that have driven the company's success”.
Chris Elshaw, who has chaired beauty businesses including Paula’s Choice, Medik8 and Orveon Global, as well as formerly served as Chief Operating Officer of Revlon, will become Chair of Salt & Stone.
Jalali will remain an equity holder in Salt & Stone, and added: “From day one, I set out for Salt & Stone to be a legacy brand, built to last for the next hundred years and beyond.
“With our incredible team and Advent's partnership, I have never believed in that future more than I do today.
“Advent shares our vision of building for the long term and will enable us to continue to redefine the category.”
Salt & Stone is available at Sephora globally and select retailers worldwide, and recently expanded into Sephora Europe and Space NK.
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