Unilever has agreed to sell its global tea business to CVC Capital Partners for about $5 billion. The deal does not include Unilever’s interest in a ready-to-drink tea joint venture with PepsiCo. It also excludes Unilever’s tea business in Nepal and Indonesia.

BlueTriton Brands has acquired Saratoga Spring Water, which produces premium spring water in signature blue bottles. BlueTriton formed after acquiring most of Nestle’s US bottled water business earlier this year.