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Unilever Expands Beauty Coffer with Carver Korea

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By: TOM BRANNA

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SOUTH KOREA: Unilever has acquired Carver Korea for €2.27 billion ($2.7 billion) from Bain Capital Private Equity and Goldman Sachs. Founded in 1999, Carver has shown exponential growth during the past five years; delivering sales of €321 million and EBITDA of €137 million in 2016. Building on its origins as an aesthetics company supplying professional products to beauty salons, Carver has become one of the fastest-growing skin care businesses in South Korea, through sales of its AHC brand....

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