M&A Deal Summary

IKON Office Solutions Acquires Kafevend Group

On January 1, 1996, IKON Office Solutions acquired consumer services company Kafevend Group

Acquisition Highlights
  • This is IKON Office Solutions’ 1st transaction in the Consumer Services sector.
  • This is IKON Office Solutions’ 1st transaction in the United Kingdom.
Investment Fate
  • Kafevend Group was divested to a consortium of buyers in 2005.
  • Kafevend Group was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 1996-01-01
Target Kafevend Group
Sector Consumer Services
Buyer(s) IKON Office Solutions
Deal Type Buyout (LBO, MBO, MBI)

Target

Kafevend Group

Crawley, United Kingdom
Kafevend Group Limited supplies vending machines and workplace refreshments to corporations in the United Kingdom. It offers fresh brew hot drinks systems, in-cup hot and cold drinks vending machines, and bean to cup coffee machines; food and snack vending machines; cans, bottles, water coolers, and dispensers; and hot and cold drinks, and snacks.

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Buyer(S) 1

Buyer

IKON Office Solutions

Malvern, Pennsylvania, United States

Category Company
Founded 1928
Sector Business Services
Employees24,000
DESCRIPTION

IKON Office Solutions manufactures and supplies document management systems for various business clients.


DEAL STATS #
Overall 1 of 3
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 2
Year: 1996 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-30 Ikon

Seattle, Washington, United States

Ikon Corporation is a hardware interface company founded in 1966 and headquartered in Seattle, Washington.

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