PE investors exit The Coffee Bean & Tea Leaf to Jollibee
Advent International, CDIB Capital and Mirae Asset Private Equity are set to exit US-based cafe chain The Coffee Bean & Tea Leaf after the Philippines’ Jollibee Foods agreed to pay $350 million for the company.
Jollibee will acquire 80% through an initial investment of $100 million. The remaining $250 million will be paid via a Singaporean subsidiary called Superfoods Group, which runs the Highlands Coffee chain...
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