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Freshfields advises CVC Capital Partners VIII on the acquisition of Unilever Teas for €4.5bn

Freshfields has advised CVC Capital Partners VIII, part of one of the world’s leading private equity and investment advisory firms, on its €4.5 billion agreement to acquire ekaterra, the holding company of the global Unilever Teas business on a cash-free, debt-free basis.

ekaterra is the world's leading Tea business, with a portfolio of 34 brands including Lipton, Pukka, Tazo, T2, and PG tips, across 82 countries. The business generated revenues of around €2 billion in 2020. Details of the transaction can be found here.

The Freshfields team is being led by London private equity partner Charles Hayes and leveraged finance partner Alex Mitchell, alongside London partners Jill Gatehouse, David Brooks, Andrew Murphy and Victoria Hills, senior associates Pete Mason and Chris Gotch, and associates Rob Kearns, Ciara O'Loughlin, Chris Yarrow, Terry Ayres, Laurie Dineen, Hugh Laundy and Tyson Thompson.