Centurium Capital in talks to acquire Blue Bottle Coffee – report

Centurium Capital Partners, an capitalist successful China’s Luckin Coffee, is successful precocious negotiations to acquisition Nestlé-owned Blue Bottle Coffee, Bloomberg reported, citing radical acquainted with the matter.

Founded successful California, US, successful 2002, Blue Bottle presently operates cafés successful China, Hong Kong, Japan, Singapore, South Korea, and the US.

The institution is supported by Nestlé, which acquired 68% of Blue Bottle Coffee successful 2017 for $425m.

The latest negotiations are reportedly successful the last stages, though a definitive statement has not yet been assured.

The determination comes arsenic Centurium and Luckin person been weighing targets including Blue Bottle, Costa Coffee and China’s % Arabica operator, according to radical acquainted with the talks.

Meanwhile, respective Chinese quality outlets, including Jiemian News, person reported that Centurium Capital volition get Luckin Coffee for a terms little than $400m.

Seoul Economic Daily reported that Jiemian News described the woody arsenic "symbolically important successful the java market," adding that "one broadside is simply a planetary marque successful the speciality java sector, portion the different is simply a Chinese marque that has distinguished itself done a robust proviso concatenation strategy and scale."

Despite the reports, nary of the companies progressive has issued nationalist confirmation of a transaction.

Nestlé began reviewing options for Blue Bottle past year, according to aggregate media accounts. The nutrient radical besides engaged an concern slope to analyse imaginable divestment routes.

Blue Bottle presently operates much than 100 cafés crossed the US and Asia. On the different hand, Centurium-backed Luckin is regarded arsenic the biggest java concatenation successful China with 31,000 stores.

"Centurium Capital successful talks to get Blue Bottle Coffee – report" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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