Carlyle Group to acquire A Twosome Place coffee chain

carlyle group to acquire a twosome place coffee chain

Sumary of Carlyle Group to acquire A Twosome Place coffee chain:

  • The global investment firm is known to be in the final phase of negotiations with Hong Kong-based Anchor Equity Partners, the current owner of the franchise.
  • If the deal is finalized, Anchor Equity and its partners are expected to reap almost a 100 percent return on their investments after just a few years.
  • Anchor Equity previously aimed to pursue a public offering of the coffee chain in May this year, but changed its plan after Carlyle and other global investment firms showed keen interest in buying the brand.
  • Market insiders said the homegrown coffee chain’s solid performance during the pandemic was the key factor that attracted the interest.
  • Although the coffee brand had been a lucrative arm of CJ Group, it was sold to a group of foreign investors ― Anchor Equity, Singaporean sovereign wealth fund GIC and the Canada Pension Plan Investment Board (CPPIB) ― for the 2018-2022 period for some 450 billion won, as CJ Foodville sought to improve its financial structure.

Want to know more click here go to source.

From -

Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.