By Denny Jacob

Private equity firm Yellow Wood Partners LLC on Tuesday said it signed an agreement with Unilever PLC to acquire its beauty and personal-care brand, Suave, in North America.

The transaction is anticipated to be completed in the second quarter, Yellow Wood said. Terms of the deal weren't disclosed.

The deal represents the latest shift in operations at the consumer-goods company. Unilever in June said it sold its Ben & Jerry's business in Israel to the local licensee.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 14, 2023 09:56 ET (14:56 GMT)

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