Unilever strikes $5 billion deal with CVC for tea business - FT - Reuters

7:39am PST - November 18th, 2021    advent - Reuters

Private equity firm CVC Capital Partners has agreed to buy Unilever's tea business for 4.5 billion euros ($5.1 billion) after outbidding rival groups Advent and Carlyle, the Financial Times reported on Thursday, citing two sources.