NextWorld Evergreen invests €20m in Kusmi Tea

The GP secured a minority stake. The management team will also hold a minority stake, as the family of Orientis's president Sylvain Orebi reinvested.  

Franco-American investor NextWorld Evergreen invests in retail and consumer goods. The evergreen fund has $400m in assets under management.

The funding will be used to finance Kusmi's international expansion.

Previous funding
Orientis had previously fundraised €8.3m from Audacia since 2009, according to French daily Capital Finance.

Company
Kusmi Tea is a tea business focusing on the premium segment of the market. It began production in 1867, and was acquired by Orientis in 2003.

People
NextWorld Evergreen – Frédéric Benqué (partner).
Orientis – Sylvain Orebi (president).          

Advisers
Company – Gate Avocats, Arnaud Larrousse (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• France
• Consumer
• France