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Typhoo Tea is bagged by private equity firm


Typhoo Tea is the latest British business to be bought by a private equity firm amid a wave of dealmaking by City buy-out companies.
Industry sources said London-based Zetland Capital, led by dealmaker Ahmed Hamdani, has secretly snapped up a majority shareholding in Typhoo Tea. 
Zetland is taking control of Typhoo Tea from the Indian conglomerate Apeejay Surrendra Group and its lenders following a financial restructuring. 
Bagged: Typhoo Tea was founded by John Sumner Junior in the early 1900s in Birmingham to sell in his pharmacy and grocery shops
Typhoo Tea was founded by John Sumner Junior in the early 1900s in Birmingham to sell in his pharmacy and grocery shops.  ....

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