Doha, November 15 (QNA) – Lesha Bank announced today that it has completed a co-investment with CVC Capital Partners to invest 75 million Euros to acquire a stake of less than 5 percent in Ekaterra, the world-renowned global tea business.
The Ekaterra investment is an exciting addition to Lesha Banks Sharia-compliant private equity portfolio and demonstrates the Banks proprietary deal access to CVC Capital Partners, a global, top-tier private equity fund, as part of the Banks international growth strategy.
In this regard, HE Lesha Bank Chairman Sheikh Faisal bin Thani Al-Thani said that the deal was a testament to Lesha Banks expertise and international access.”
Ekaterra is home to a portfolio of 34 prominent brands and was spun-out by Unilever in 2021. Subsequently, an agreement was signed in November 2021 for the sale of the business to CVC Capital Partners with the acquisition closing on July 1, 2022. (QNA)