On Tuesday, private equity company Advent International announced its strategic investment in Skala Cosméticos, a mass-market, vegan hair care line founded in Brazil in 1986.
Financial terms of the deal were not disclosed, though Advent International said in a release that the investment was made from a $2 billion fund, LAPEF VII, specifically allotted for deals in Latin America.
Skala Cosméticos is fast-growing; the company claims to be…