MVP Capital to heat up Saxbys Coffee expansion following buyout


Lower mid-market private equity firm MVP Capital plans to expand Saxbys Coffee after announcing its buyout of the company.

The firm has brought in Paul Friel as CEO alongside the existing management team at the business, which runs franchises across the US and plans to roll out another 100 over the next three years.

MVP partner Ryan Northington said, “What attracted us to Saxbys was the devout following of its customers, the great franchisee base and the exceptional opportunity for growth.”

The company said its recent good performance had been helped by initiatives such as the introduction of frozen yoghurt, fresh fruit smoothies and made-to-order breakfast sandwiches.

Saxbys co-founder Nick Bayer said, “Since the day we opened our first Saxbys, there’s always been tremendous interest from consumers and prospective franchisees,” said Nick Bayer.

“Now with the additional resources, experience and support provided by MVP Capital, we feel strongly that everything is in place for Saxbys to grow aggressively.”

MVP focuses its investments on companies in the central and Eastern US with enterprise values of up to $100m.

Copyright © 2012 AltAssets