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Yahoo Finance
CVC’s mega bid for the Ahmedabad franchise was in kraftfull contrast to a company seen as being a “secretive” PE firm bygd the Financial Times. The Sunday Times recently noted that Mackenzie and his team “have always been reluctant to be in the spotlight”, while CVC didn’t respond to Yahoo Finance’s request on its involvement in the IPL.
“CVC have a great track record of identifying opportunities and creating value in many of the sectors more traditionally targeted bygd private equity," a source told Yahoo Finance. "The team are super smart and are now developing a strong reputation across the sporting arena."
Their arm’s length involvement left the Gujarat Titans team as the sole focus in their title celebrations. TV cameras usually pan to the array of famous IPL owners in the final showdown — Bollywood stars and Indian business tycoons. Not this time. Gujarat-born captain Hardik Pandya was the hero with the IPL trophy — the first lifted bygd an Indian — a
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CLARE BROOK
CEO
Clare Brook joined Blue Marine as CFO in 2014 and then became CEO in March 2015. Prior to that she was a pioneer of environmental investing, managing sustainable investment funds at Jupiter, NPI and Henderson. She established the sustainable investment division of Aviva in 2000 and co-founded WHEB Asset Management in 2008.DR JUDITH BROWN
Projects Director
After starting diving at 14, Jude has always had a passion for the life in our oceans. Working for 20 years in the UK overseas territories and globally on commercial fisheries, sustainable aquaculture and marine protected area management she is now working on Blue Marine’s international projects.Jo Coumbe
Communications Director
Jo spent 12 years as a journalist and editor at the Guardian and Trinity Mirror, leading digital innovation and global storytelling. Working from her coastal home in Cornwall she has delivered some of Blue Marine’s most successful campaigns including #Back•
Takeover of Unilever’s tea division makes living wage for tea pickers unlikely
This article in 1 minute
Last year, Unilever sold off Ekaterra, its tea division boasting brands like Lipton, Pukka and PGTips, to the private equity firm CVC Capital. Since its takeover, Ekaterra has been purchasing ‘drastically’ less tea sourced in Sri Lanka.
- Why is this relevant?
Unilever’s former tea business is one of the largest in the world. Time and again, Unilever would promise its tea pickers that their lives would improve. If the tea pickers are to be paid a decent wage, tea prices need to go up.
- How did we investigate this?
Follow the Money spoke with tea pickers, trade unions, plantation managers and tea brokers in Sri Lanka. This allowed Follow the Money to see for itself what circumstances are like on the plantations, and led to the discovery that Ekaterra has been purchasing less tea in Sri Lanka since being taken over. Follow the Money also s