M&A Deal Summary

Starbucks Acquires Teavana

On October 23, 2013, Starbucks Corp. acquired retail company Teavana Corp. from Parallel Investment Partners for 620M USD

Acquisition Highlights
  • This is Starbucks’ 1st transaction in the Retail sector.
  • This is Starbucks’ 1st largest (disclosed) transaction.
  • This is Starbucks’ 8th transaction in the United States.
  • This is Starbucks’ 1st transaction in Georgia.

M&A Deal Summary

Date 2013-10-23
Target Teavana Corp.
Sector Retail
Buyer(s) Starbucks Corp.
Sellers(s) Parallel Investment Partners
Deal Type Add-on Acquisition
Deal Value 620M USD
Advisor(s) North Point Advisors LLC (Financial)

Target

Teavana Corp.

Atlanta, Georgia, United States
website
A Teavana retail store in Duluth, Minnesota.
A Teavana retail store in Duluth, Minnesota.
Teavana is a specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and tea-related merchandise through its mall-based stores.

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Buyer(S) 1

Buyer

Starbucks Corp.

Seattle, Washington, United States

website


Category Company
Founded 1971
SectorBeverages
Employees349,000
Revenue 23.5B USD (2020)
DESCRIPTION
Entrance to Starbucks Center in Seattle, Washington.
Entrance to Starbucks Center in Seattle, Washington.

Starbucks is a roaster, marketer and retailer of specialty coffee. Starbucks purchases and roasts high-quality coffees that the Company sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, including snack offerings, through company-operated stores. Starbucks also sells a variety of coffee and tea products and licenses its trademarks through other channels such as licensed stores, grocery and foodservice accounts. In addition to its Starbucks Coffee brand, Starbucks sells goods and services under the following brands: Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos. Starbucks was founded in 1971 and is based in Seattle, Washington.


DEAL STATS #
Overall 9 of 9
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Georgia) 1 of 1
Country (United States) 8 of 8
Year (2013) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-05 Bay Bread LLC (La Boulange)

San Francisco, California, United States

La Boulange is a San Francisco French bakery chain. The Company opened its first location in 1999.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 Tazo Tea Co.

Portland, Oregon, United States

Tazo Tea Co. is a manufacturer and distributor of ready-to-drink tea. Tazo Tea Co. was founded in 1994 and is based in Portland, Oregon.

Sell $384M

Seller(S) 1

SELLER

Parallel Investment Partners

Dallas, Texas, United States

website


Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Parallel Investment Partners is a private equity firm focused on acquiring North American middle market companies. Parallel looks for companies generating at least $10 million in revenue and valued between $10 and $100 million. Sectors of interest include business services, financial services, energy exploration, energy services, healthcare services, medical products, restaurants, retail, education, engineered products, and light manufacturing. Prospective transaction situations include recapitalizations, growth capital financings, buyouts, and divestitures. Parallel Investment Partners was formed in 1999 and is based in Dallas Texas.


DEAL STATS #
Overall 18 of 20
Sector (Retail) 7 of 8
Type (Add-on Acquisition) 6 of 6
State (Georgia) 1 of 1
Country (United States) 18 of 20
Year (2013) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Superior Auto, Inc.

Angola, Indiana, United States

Superior Auto, Inc. is an automotive retailer in the U.S. focused exclusively on the sale and financing of used vehicles to the subprime market, competing in the Buy-Here/Pay-Here (“BHPH”) segment. Superior Auto was established in 1975 and is based in Angola, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-17 USA Discounters Ltd.

Virginia Beach, Virginia, United States

USA Discounters is the largest national retailer focused on providing basic home products and consumer credit to U.S. military and civil service personnel. USA Discounters offers moderately priced furniture, consumer electronics, selected automotive aftermarket parts and related financing services through 11 units in 6 market areas and its website, usadiscounters.net.

Sell -