<article><p>Unilever has agreed to buy a majority stake in cosmetics firm Carver Korea for $2.9 billion from Goldman Sachs and Bain Capital, the Seoul Economic Daily reported on Monday.</p></article>

<p>Unilever has agreed to buy a majority stake in cosmetics firm Carver Korea for $2.9 billion from Goldman Sachs and Bain Capital, the Seoul Economic Daily reported on Monday.</p>
<p>The deal to buy the 60.39 percent stake is aimed at helping Unilever make headway in China, the report said, citing unidentified investment banking sources.</p>
<p>Carver Korea, Bain Capital and Goldman Sachs were not immediately available for comment.</p>
<p>Goldman and Bain bought the stake in Carver, whose beauty product brands including flagship skincare line A.H.C., just last year.</p>
<p>At the time, a person familiar with the matter said the deal was worth more than 350 billion won ($310 million).</p>
<h4><em>Reuters</em></h4>


Unilever has agreed to buy a majority stake in cosmetics firm Carver Korea for $2.9 billion from Goldman Sachs and Bain Capital

Unilever to buy control of Carver Korea for $2.9b. Goldman Sachs, Bain Capital to exit

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Unilever to buy control of Carver Korea for $2.9b. Goldman Sachs, Bain Capital to exit

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief