Private-Equity Firms Acquire The Coffee Bean & Tea Leaf
September 16, 2013
A group of private-equity companies have acquired a significant position in International Coffee & Tea. International Coffee & Tea owns and operates stores under The Coffee Bean & Tea Leaf banner, and currently has an eye on expanding in Asia. The participating investors include Advent International, CDIB Capital, Mirae Asset Private Equity and the Sassoon family. The transaction was completed on Sept. 12, and financial terms of the agreement were not disclosed. The Coffee Bean & Tea Leaf operates more than 900 company-owned and franchised stores across 15 U.S. states and more than 30 countries.