ekaterra (Lipton, PG Tips) acquired by CVC Capital Partners
CVC Capital Partners acquired ekaterra (Lipton, PG Tips), a Global (Headquartered in Netherlands/UK) beverage brand, on Jul 1, 2022.
Preliminary: The transaction value and EV/revenue are not yet independently verified.
Transaction summary
- Target
- ekaterra (Lipton, PG Tips)
- Acquirer
- CVC Capital Partners Investor profile →
- Seller
- Unilever
- Announced
- 2021-11-18
- Geography
- Global (Headquartered in Netherlands/UK)
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Parties at the deal date
Acquirer
Current investor profile →CVC is a global private markets manager investing in private equity, secondaries, credit and infrastructure on behalf of pension funds and other institutional investors. It reports about €212 billion of assets under management and a network of 30 local offices.
Snapshot preserved for this transaction; current company profiles may differ.
Value and multiples
100% enterprise value
EUR 4.5B
Unverified
100% enterprise value | EUR
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
Approx. $5.1B USD using FX date 2021-11-15 at 1.1444 EUR/USD.
EV / revenue
2.25x
Unverified
Period: FY2020
Basis: Estimated
EV / EBITDA
-
EBITDA basis not stated
Basis: Estimated
Basis
- Reported value: €4.5bn enterprise value. Multiples use revenue of €2bn (FY2020).
Source summary
Unilever to Sell Its Tea Business, ekaterra, to CVC Capital Partners
Confirmedfor €4.5 billion (around U.S. $5 billion) on a cash-free, debt-free basis.
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