Unilever Bags $5bn Deal With CVC For Tea Business

Unilever Bags $5bn Deal With CVC For Tea Business

Unilever has agreed to sell its global tea business to CVC Capital Partners for $5.1bn, concluding a process of reviewing and spinning off the division that took more than two years. The business being sold, called Ekaterra, hosts a portfolio of 34 tea brands...
PE firm Permira invests $150m in hiking app AllTrails

PE firm Permira invests $150m in hiking app AllTrails

AllTrails, which operates a popular digital guide app for hikers, has raised $150m in fresh capital from the growth fund of private equity firm Permira, the U.S. company’s chief executive told Reuters on Tuesday. Another private equity shop Spectrum Equity, which...