M&A Deal Summary

Costa Limited Acquires Coffee Nation

On March 2, 2011, Costa Limited acquired restaurant Coffee Nation from Blackstreet Capital Management for 60M GBP

Acquisition Highlights
  • This is Costa Limited’s 1st transaction in the Restaurants sector.
  • This is Costa Limited’s 0th largest (disclosed) transaction.
  • This is Costa Limited’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-03-02
Target Coffee Nation
Sector Restaurants
Buyer(s) Costa Limited
Sellers(s) Blackstreet Capital Management
Deal Type Add-on Acquisition
Deal Value 60M GBP

Target

Coffee Nation

High Wycombe, United Kingdom
Coffee Nation Ltd. is a provider of self service gourment coffee stations to a variety of locations such as motorway service stations, petrol forcourts, airports and large retail stores throughout the UK.

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Buyer(S) 1

Buyer

Costa Limited

Dunstable, United Kingdom
Category Company
Founded 1971
Sector Beverages
Revenue 1.3B GBP (2018)
DESCRIPTION

Costa Limited is a global coffee brand. Costa operations include 4,000 retail outlets, a coffee vending operation, for-home coffee formats and Costa’s roastery. Costa Limited was formed in 1971 and is headquartered in Dunstable, England.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Blackstreet Capital Management

Chevy Chase, Maryland, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 14 of 24
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 3 of 8
Country (United Kingdom) 7 of 8
Year (2011) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Compre

Hamilton, Bermuda

Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-21 Picture People

Plano, Texas, United States

Picture People currently has more than 170 company-owned portrait studios located in shopping malls operating in 33 states across the country. Picture People was founded in 1987 and is based in Plano, Texas.

Buy -
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