IDIA and CARVEST completed the acquisition of a minority stake in Dammann Frères.

IDIA, a private equity firm, and CARVEST, an investment company, completed the acquisition of a minority stake in Dammann Frères, a premium tea producer. Financial terms were not disclosed. “Alongside Polo del Gusto, we are delighted to partner with IDIA Capital Investissement and Carvest, responsible players committed to the growth and transformation of French SMEs. For Dammann Frères, it is the assurance of being well supported and advised in order to face environmental and societal challenges and to ensure its commitments as a future company with a mission. This association is part of a lasting relationship with a financial partner that has solid sectoral expertise in agri-food and agro-industry and a long-term vision,” Erika Le Noan, Dammann Frères President.