(Reuters) -Unilever is paying $1.5 billion to buy men's personal care brand Dr Squatch from private equity firm Summit Partners, the Financial Times reported on Friday, citing sources.

The deal was announced earlier this week by all three parties, without disclosing financial details.

Reuters could not immediately verify the FT report.

(Reporting by Rhea Rose Abraham in Bengaluru; Editing by Anil D'Silva)