“Our partnership with Advent will help accelerate Skala’s growth in both domestic and international markets, while allowing us to advance important agendas such as operational excellence and innovation at scale,” said Antonio Sousa, who has led Skala as CEO for the past eight years.
As part of the deal, Cyro Gazola will assume the chief executive officer role. Former President and CEO of Caloi, Cyro Gazola has deep experience in the Brazilian consumer goods sector, including 22 years at Procter & Gamble.
Skala’s current to executives — including former CEO Antonio Sousa, and Maria Claudia Lacerda and Publio Emilio Rocha – will remain as shareholders and join the company’s Board of Directors alongside Advent professionals and two other industry-experts, Alberto Carvalho, former CEO of Procter & Gamble in Brazil, and Andrea Mota, former Executive Director of O Boticário.
In the beauty care sector, Advent’s managed funds have invested in Californian haircare brand Olaplex; Orveon, a beauty group including bareMinerals, Buxom and Laura Mercier; and Parfums de Marly, a French perfume company.
Source: Premium Beauty News
