11.01.17
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. AHC’s portfolio is focused on two high-demand consumer spaces: age management and hydration and nourishment. The range’s hero product is Eye Cream for Face; it also sells essences, toners, moisturizers, masks and sun protection.
“We are delighted to be acquiring Carver Korea. It is an impressive business that is completely aligned to our personal care strategy,” said said Alan Jope, Unilever president personal care. “It will significantly strengthen our position in North Asia, the largest skin care market in the world; and will complement our existing portfolio, enabling us to offer luxury skin care products at attainable price points. AHC has been strongly gaining popularity thanks to its efficacious, innovative and premium products; and it therefore offers great opportunities for growth.”
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. AHC’s portfolio is focused on two high-demand consumer spaces: age management and hydration and nourishment. The range’s hero product is Eye Cream for Face; it also sells essences, toners, moisturizers, masks and sun protection.
“We are delighted to be acquiring Carver Korea. It is an impressive business that is completely aligned to our personal care strategy,” said said Alan Jope, Unilever president personal care. “It will significantly strengthen our position in North Asia, the largest skin care market in the world; and will complement our existing portfolio, enabling us to offer luxury skin care products at attainable price points. AHC has been strongly gaining popularity thanks to its efficacious, innovative and premium products; and it therefore offers great opportunities for growth.”