Dutch-British consumer goods company Unilever agreed to acquire South Korean cosmetics maker Carver Korea for two-point-27 billion euros, or some three trillion won, from Bain Capital Private Equity and Goldman Sachs.
 
Bain and Goldman purchased a 60 percent share in Carver for 430 billion won in June last year. 

In a press release Monday, Unilever said the acquisition will strengthen its position in North Asia, noting that it is the largest skincare market in the world. 

Analysts say the purchase will boost Unilever's position in China where Carver has a strong presence. Unilever had posted steady growth in China since entering the market in 1986, but sales there saw a deep plunge in the second half of last year. 

The lineup for Carver's brand AHC includes products such as eye creams, masks and moisturizers. It is South Korea’s third largest cosmetics company after AmorePacific and LG Household and Healthcare. 

The transaction is subject to regulatory approvals.