![]() Pev Hooper, a Managing Partner at CVC Capital Partners said: "ekaterra is a great business, built on strong foundations of leading brands and a purpose-driven approach to its products, people and communities. I would like to thank our Tea colleagues around the world for their passion and commitment to our Tea business and wish them well for the future." We look forward to seeing ekaterra, with its strong brands and global footprint, prosper under CVC Fund VIII's ownership. "We are proud of the place that our Tea business has in our company's history. ![]() Our decision to sell ekaterra demonstrates further progress in delivering against our plans. The business generated revenues of around €2 billion in 2020.Īlan Jope, CEO of Unilever said: "The evolution of our portfolio into higher growth spaces is an important part of our growth strategy for Unilever. Unilever today announced that it has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis.Įkaterra is the world's leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO®.
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