"Major" investment for Typhoo Tea as London private equity firm takes stake
A London private equity firm has announced that it is set to make a “major” investment into a national tea brand.
Zetland Capital has said that it is making the investment into Typhoo Tea, making it a new shareholder in the company.
The deal, which is for an undisclosed amount, will allow Typhoo to further invest in its factory, with the company adding that it plans to create new jobs across the country.
Des Kingsley, CEO of Typhoo Tea, commented: “This deal marks a new era in the ownership of Typhoo Tea.
“It has secured major investment that will enable us to reassert our brands both in the UK and internationally to deliver profitable growth.
“After a challenging two years, we are pleased that we can now continue with our programme of rebuilding one of the nation’s favourite tea brands.
“We have plans in place that will result in the creation of new jobs across all areas of the business.
“We are delighted that Zetland’s support will allow us to invest in our factory and ensure a bright future for the company.”
Ahmed Hamdani, founder of Zetland Capital, said: “Typhoo Tea has a strong heritage and brand, having made tea in the UK for nearly 120 years.
“We are delighted to support Des and the rest of the team. Our partnership will enable investment at an important time for the company and we are confident that Typhoo can regain its reputation as one of Britain’s most loved brands and drive innovation in the sector.”
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