Jede provides ‘Incup’ coffee with some 15 million cups consumed per annum.
“This aquisition provides Broadlake with the scope to add real value to a business that had become non-core to Nestlé. Our expertise in growing and developing similar businesses can be leveraged to support the management team in expanding the business’ geographic presence and product offering,” said Pete Smyth, CEO, Broadlake Capital.
Broadlake Capital has €100m under management and invests in cash generative businesses headquartered in the UK or Ireland, with equity investments of between £2m to £20m.
This investment marks Broadlake’s first investment in the coffee market and follows on from Broadlake’s recent investment in European self tan business Vita Liberata and its acquisition of Deep Riverrock from Coca-Cola. In 2011 Broadlake acquired UK Headquartered Aqua Filter Limited and Irish Headquartered washroom services business Lady Matters Limited.
Copyright © 2012 AltAssets