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  5. CVC Capital Partners Acquires Lipton Teas and Infusions

M&A Deal Summary

CVC Capital Partners Acquires Lipton Teas and Infusions

On November 18, 2021, private equity firm CVC Capital Partners acquired beverage company Lipton Teas and Infusions from Unilever for 4.5B EUR

Acquisition Highlights
  • This is CVC Capital Partners’ 3rd transaction in the Beverages sector.
  • This is CVC Capital Partners’ 2nd largest (disclosed) transaction.
  • This is CVC Capital Partners’ 22nd transaction in the Netherlands.

M&A Deal Summary
Date 2021-11-18
Target Lipton Teas and Infusions
Sector Beverages
Buyer(s) CVC Capital Partners
Sellers(s) Unilever
Deal Type Divestiture
Deal Value 4.5B EUR

Target

Lipton Teas and Infusions

Rotterdam, Netherlands
Lipton Teas and Infusions runs a tea business with world-class purpose-driven brands such as Lipton, PG tips, T2, TAZO, and Pukka. The company picks, cultivates, and nurtures various blends of brews and people. With 11 production factories in 4 continents and tea estates in 3 countries, Lipton Teas and Infusions is a profitable and growing business offering a world of wellbeing through the regenerative power of plants to hundreds of millions of consumers. Lipton Teas and Infusions was formed in 2021 and is based in Rotterdam, Netherlands.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 295 of 329
Sector: Beverages M&A 3 of 4
Type: Divestiture M&A Deals 36 of 40
Country: Netherlands M&A 22 of 22
Year: 2021 M&A 31 of 35
Size (of disclosed) 2 of 59
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 PPC

Athens, Greece

PPC is a generator and supplier of electricity in Greece. PPC's generation portfolio consists of thermal and hydroelectric power plants as well as renewable energy sources, which collectively account for circa half of the electricity produced in Greece. PPC was founded in 1950 and is based in Athens, Greece.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Etraveli

Uppsala, Sweden

Etraveli is a global technology provider for flights focused on offering the best possible flight content delivered through flexible tech solutions to the consumer and any company facing the consumer. Through its own consumer brands like Gotogate, Mytrip, Flightnetwork and through global partnerships with the likes of Google Flights, Skyscanner, Kayak, Booking.com and others the company provides search, book and fulfilment services of flights and related products. Etraveli was formed in 2000 and is based in Uppsala, Sweden.

Sell €1.6B

Seller(S) 1

SELLER

Unilever

London, United Kingdom
Category Company
Founded 1894
Sector Consumer Products
Employees115,964
Revenue 60.8B EUR (2024)
DESCRIPTION

Unilever is a multinational consumer goods company. Its products include food, beverages, cleaning goods and personal care products. Unilever was founded in 1894 and is based in London, United Kingdom.

DEAL STATS #
Overall 22 of 23
Sector: Beverages M&A 2 of 2
Type: Divestiture M&A Deals 22 of 23
Country: Netherlands M&A 5 of 5
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Paula s Choice

Kent, Washington, United States

Paula's Choice is one of the largest digitally-native beauty brands in the world. Paula Begoun, Paula’s Choice has grown into a leading global skincare brand with a diversified geographic reach, a methodically curated product offering, and a loyal customer base that is supported by a global direct-to-consumer (“DTC”) model. Paula's Choice was founded in 1984 and is based in Kent, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Elida Beauty

Lewisville, Texas, United States

Elida Beauty includes brands such as Q-tips, Tigi, Caress, Timotei, Impulse, Monsavon, others (Fissan, Williams, Noxzema, Brylcreem, V05, Lever 2000, Badedas, Matey). In 2022, it became a formalised Global Business Unit within Unilever Personal Care and more brands were added: Alberto Balsam, Brut, Pond's (for North American and Europe only), and St. Ives (for North American and Europe only). The transaction perimeter excludes the Pond's and St. Ives brands sold beyond North America and Europe which will remain in Unilever's Beauty & Wellbeing brand portfolio. Elida Beauty was founded in 2021 and is based in Lewisville, Texas.

Sell -
Mergr

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