09.25.17
Unilever has acquired Carver Korea for €2.27 billion (approximately $2.7 billion) from Bain Capital Private Equity and Goldman Sachs.
Founded in 1999, Carver has shown exponential growth over the last five years, delivering sales of €321m and EBITDA of €137m in 2016. The firm has become one the fastest-growing skin care business in South Korea. Its AHC brand, which has a portfolio focused on two high-demand consumer spaces—age management and hydration and nourishment—includes skin treatments such as 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. It will significantly strengthen our position in North Asia, the largest skincare market in the world; and will complement our existing portfolio, enabling us to offer luxury skincare 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,” said Alan Jope, Unilever president personal care.
The transaction is subject to customary regulatory approvals.
Founded in 1999, Carver has shown exponential growth over the last five years, delivering sales of €321m and EBITDA of €137m in 2016. The firm has become one the fastest-growing skin care business in South Korea. Its AHC brand, which has a portfolio focused on two high-demand consumer spaces—age management and hydration and nourishment—includes skin treatments such as 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. It will significantly strengthen our position in North Asia, the largest skincare market in the world; and will complement our existing portfolio, enabling us to offer luxury skincare 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,” said Alan Jope, Unilever president personal care.
The transaction is subject to customary regulatory approvals.
