Advent International Majority Investment in Salt & Stone

Consumer Staples · United States · Undisclosed

Advent International signed a definitive agreement to acquire a majority stake in Salt & Stone, the Los Angeles-based premium body care brand, to fuel its next phase of growth. Terms were not disclosed. Founder Nima Jalali remains an equity holder and continues to lead the company. Humble Growth, a minority investor since 2024, exited its stake as part of the transaction. Goldman Sachs served as exclusive financial advisor and Ropes & Gray as legal advisor to Advent.