Today, Unilever said that it has successfully sold its tea division, Ekaterra, to the CVC Capital Partners Fund VIII.
In November 2021, Unilever and CVC agreed to sell Ekaterra for €4.5 billion, cash-free and debt-free, with the goal of closing the deal in the second half of 2022.
The finalized purchase excludes Unilever’s ready-to-drink tea joint ventures with Pepsi Lipton and related distribution operations, as well as its tea businesses in India, Nepal, and Indonesia.
Ekaterra is home to more than 34 well-known tea brands from around the world and were founded in 2021, although it has a history spanning more than 150 years.
From Lipton and Pukka, to TAZO®, PG tips and T2, you’ll find our tasty brews in more than 100 countries. Like the best-loved teas, Ekaterra is a blend: eka is Sanskrit, and means ‘one’.
