Investment Summary

Ironwood Capital Partners, Crossbrand Investments and Akbar Brothers Invest In Colombo Coffee

On December 19, 2019, private equity firm Ironwood Capital Partners, family office Crossbrand Investments and Akbar Brothers invested in beverage company Colombo Coffee

Investment Highlights
  • This is Ironwood Capital Partners’ 1st, Crossbrand Investments’ 1st and Akbar Brothers’ 1st transaction in the Beverages sector.
  • This is Ironwood Capital Partners’ 1st, Crossbrand Investments’ 1st and Akbar Brothers’ 1st transaction in Sri Lanka.

Investment Summary

Date 2019-12-19
Target Colombo Coffee
Sector Beverages
Investor(s) Ironwood Capital Partners
Crossbrand Investments
Akbar Brothers
Deal Type Growth Capital

Target

Colombo Coffee

Colombo, Sri Lanka
Colombo Coffee is a supplier of coffee to hotels, restaurants, cafes, and offices. The product portfolio consists of renowned brands such as Lavazza, Bonomi, and Toscana Ceylon (Italicize) for coffee and La-Cimbali, Nuova Simonelly, Gaggia, WMF, Fetco, and Bunn (italicize) for machines, and a range of value-added services such as after-sales services, machine maintenance, and repairs, barista training, and recipe development. Colombo Coffee is based in Colombo, Sri Lanka.

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Investor(S) 3

Investor
DESCRIPTION

Ironwood Capital Partners is a private equity firm focused on investing in growth-oriented, lower middle-market companies in Sri Lanka. The Firm is a generalist investor and typically seeks to commit $2 to $5 million per transaction. Ironwood's investment horizon is 5 years. Ironwood Capital Partners was formed in 2014 and is based in Colombo.


DEAL STATS #
Overall 1 of 2
Sector: Beverages M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: Sri Lanka M&A 1 of 2
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Findmyfare

Colombo, Sri Lanka

Findmyfare is an operator of an online travel services platform offering a range of travel amenities including airline tickets, hotel bookings, packaged holidays, visa services, and more. Findmyfare works with all major airlines and more than 100,000 hotels worldwide. Findmyfare is based in Colombo, Srilanka.

Buy -
DESCRIPTION

Crossbrand Investments is a family-backed private equity investor based in Columbo, Sri Lanka.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: Sri Lanka M&A 1 of 1
Year: 2019 M&A 1 of 1
Investor

Akbar Brothers

Colombo, Sri Lanka

Category Company
Founded 1969
Sector Diversified
DESCRIPTION

Akbar Brothers (Pvt) Ltd. is an operator of Sri Lanka's foremost exporters of Ceylon Tea. In addition to its vast tea enterprise, the company has successfully diversified into a range of other industries Sustainable power generation, Healthcare, Packaging, Property Development, and Environmental services. Akbar Brothers (Pvt) Ltd. was founded in 1969 and is based in Colombo, Srilanka.


DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
Country: Sri Lanka M&A 1 of 1
Year: 2019 M&A 1 of 1