TSG Consumer to acquire body care brand Saltair
- Following the close of the transaction, Saltair founder Iskra Lawrence will serve as chief community advocate
- Rachel Shelowitz serves as CEO of Saltair
- Saltair was founded in 2022
TSG Consumer has agreed to acquire a majority stake in Saltair, a body care brand. No financial terms were disclosed.
Saltair was backed by Prelude Growth Partners.
Following the close of the transaction, Saltair founder Iskra Lawrence will serve as chief community advocate.
Rachel Shelowitz serves as CEO of Saltair.
“Body care is one of the most exciting categories in beauty right now, and Saltair stands out for elevating the everyday routine with effective formulations that have driven real consumer demand and loyalty,” said Colin Welch, managing director and head of New York at TSG. “We’re excited to bring our resources and longstanding experience scaling beauty brands to support Saltair’s growth in a way that maintains the quality and ethos consumers have come to expect.”
Raymond James served as the exclusive financial advisor to Saltair and Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo P.C. and Polsinelli P.C. served as legal counsel. Ropes & Gray LLP provided legal counsel to TSG.
Saltair was founded in 2022.
