CVC Capital Partners VIII’s €4.5 Billion Acquisition of ekaterra

In UK Freshfields Bruckhaus Deringer LLP, advised on the matter.

Freshfields Bruckhaus Deringer LLP advised CVC Capital Partners with a team including Jill Gatehouse (Corporate M&A), Charles Hayes (Picture – Corporate M&A), Victoria Hills (Corporate M&A), Andrew Murphy (Employment), Alex Mitchell (Finance), David Brooks (IP&IT).

CVC Capital Partners VIII, part of one of the world’s leading private equity and investment advisory firms, acquired 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 (Picture) 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.

Involved fees earner: David Brooks – Freshfields Bruckhaus Deringer LLP; Laurie Dineen – Freshfields Bruckhaus Deringer LLP; Jill Gatehouse – Freshfields Bruckhaus Deringer LLP; Chris Gotch – Freshfields Bruckhaus Deringer LLP; Charles Hayes – Freshfields Bruckhaus Deringer LLP; Victoria Hills – Freshfields Bruckhaus Deringer LLP; Robert Kearns – Freshfields Bruckhaus Deringer LLP; Hugh Laundry – Freshfields Bruckhaus Deringer LLP; Peter Mason – Freshfields Bruckhaus Deringer LLP; Alex Mitchell – Freshfields Bruckhaus Deringer LLP; Andrew Murphy – Freshfields Bruckhaus Deringer LLP; Ciara O’Loughlin – Freshfields Bruckhaus Deringer LLP; Christopher Yarrow – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: CVC Capital Partners;

Author: Giulia Di Palma