M&A· News #22
● M&AAdvent International acquires majority of Salt & Stone; brand reports $165M+ revenue
March 24, 2026 — Advent signed a definitive agreement to acquire a majority stake in Salt & Stone, the LA-based body care brand founded in 2017 by former pro snowboarder Nima Jalali. The brand reported $165M+ in 2025 revenue with double-digit growth across all channels, DTC at 40% of sales, and the #1 deodorant ranking at both Sephora and Amazon. Humble Growth (2024 minority) exited; Goldman advised Advent, Raymond James advised Salt & Stone. Adds a founder-led, clean-formulated body care brand to Advent's portfolio alongside Paula's Choice and Orveon Global.
Source
Advent International / Retail Dive
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Sources
- 01Advent to Acquire Salt & Stone, the Premium Body Care Brand ↗Advent International · 24 Mar 2026
- 02Advent International Acquires Majority Stake in Salt & Stone ↗Retail Dive · 30 Mar 2026
- 03Advent International to Acquire Body Care Brand Salt & Stone ↗Cosmetics Business · 23 Mar 2026