Unilever, an Anglo-Dutch listed consumer goods company, has acquired US-based hair and skincare products maker Sundial Brands and agreed to set up a $50m corporate venturing fund for women entrepreneurs of colour.
The New Voices Fund is targeting a final size of $100m to include external limited partners. Bain Capital, a private equity firm that acquired a minority stake in Sundial in September 2015, is reviewing with Unilever’s existing corporate venturing unit, Unilever Ventures, and Sundial’s founder and CEO, Richelieu…
