Unilever Completes Divestiture

Unilever has completed the previously announced sale of the Alberto VO5 brand in the United States and Puerto Rico and the Rave brand globally to private equity firm Brynwood Partners VI L.P., following approval by the US Department of Justice (DOJ). Terms were not disclosed.
 

The US DOJ had required the divestiture in connection with Unilever’s $3.7 billion acquisition of the Alberto Culver Company, which was completed on May 10, 2011.

Outside the United States and Puerto Rico, the Alberto VO5 brand will remain in Unilever’s portfolio.
 

Founded in 1984, Brynwood Partners is an operationally-focused private equity fund that makes control investments in lower middle market companies. Brynwood Partners targets companies operating in the following sectors: consumer products, light manufacturing with low capital intensity, and businesses services.
 

Brynwood Partners is currently managing more than $500 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions.