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.
The team was led by private equity partners Jaewoo Lee and Bill Mone and private equity associates Adam Leamon and Chiara Alfano.