Advantage sees 7x return on coffee chain deal
When Advantage Partenrs paid JPY15 billion ($146 million) for a 78% stake in Komeda Coffee in 2008, the chain was to a certain extent a victim of its own success. After more than 40 years of expansion the company had grown to around 300 stores and its founder was struggling to keep pace.
"When we made the investment we found a company that had a unique business model and a very strong customer following," says Ichiro Otobe, a principal at Advantage who worked on the deal. "There was potential...
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