Bain and Goldman Sachs jointly bought about 60 percent of Carver for roughly $500 million a year ago, a source familiar with the matter said on Monday.
It was bought by Bain Capital and Goldman Sachs in 2016.
Formed in 1999, Carver serves the North Asia region, supplying professional products to beauty salons.
At the time, a person familiar with the matter said the deal was worth more than 350 billion won ($310 million).
"It is an impressive business that is completely aligned to our personal care strategy", Unilever personal care president Alan Jope said.
Vikings rule Bradford out vs Bucs; Keenum to start again
Minnesota started the scoring early when rookie Dalvin Cook rushed for his first career National Football League touchdown. His weaving run after the catch led to a 59-yard touchdown to put Minnesota up 28-3 early in the third quarter.
Carver Korea's AHC brand, pictured here, will be acquired by Unilever.
The brand's portfolio includes essences, toners, moisturizers, masks and sun protection, with a focus on anti-aging, hydration and nourishment.
"The company has also been working to fend off an increasingly sophisticated array of local competitors that market through channels such as Instagram and YouTube and often sell directly to customers over the web".
The Anglo-Dutch company announced the deal on Monday, saying Carver was the fastest-growing skincare business in South Korea, through sales of its AHC brand. The €2.27-billion (£2 billion) acquisition comes as the consumer goods giant looks to secure a stronger foothold in South Korea's skincare market. South Korea is also the world's fourth-largest market for skin care.
Investment banks (IB) explained that Unilever's acquisition of the AHC line for 16 times its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Euro 137 million can be interpreted as a plan for the second takeoff in the Chinese market which is now suffering stagnation. "Unilever is seeking to have new growth engines by acquiring Sir Kensington's, famous for its vegan mayonnaise, in April and organic tea company Pukka in September", said Oh Lina, an analyst at eBest Securities.