Bain Capital to Sell Carver Korea Co., Ltd. to Unilever
Ropes & Gray advised Bain Capital Private Equity in connection with the previously announced sale of Carver Korea Co., Ltd., a leading skincare business, to Unilever for €2.27 billion. The deal is subject to customary regulatory approvals. Founded in 1999, Carver has become the fastest-growing skincare business in South Korea, through sales of its brand AHC. AHC’s portfolio is focused on two high-demand consumer spaces: age management, and hydration and nourishment. The transaction was announced on September 25, 2017.