Add-on Acquisition • Retail

Starbucks Acquires Teavana

On October 23, 2013, Starbucks acquired retailer Teavana from Parallel Investment Partners for 620M USD

Acquisition Context
  • This is Starbucks’ 1st transaction in the Retail sector.
  • This is Starbucks’ largest (disclosed) transaction.
  • This is Starbucks’ 9th transaction in the United States.
  • This is Starbucks’ 1st transaction in Georgia.

Explore All 1414 Add-on Acquisition Retail Deals - Search the Database Free


M&A Deal Summary

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

Target Company

Teavana

Atlanta, Georgia, United States
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.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Starbucks

Seattle, Washington, United States

Category Company
Founded 1971
Sector Beverages
Employees361,000
Revenue 36.2B USD (2024)
DESCRIPTION
Starbucks' corporate headquarters in Seattle, Washington.
Starbucks' corporate headquarters 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 food service accounts. Starbucks was founded in 1971 and is based in Seattle, Washington.


Deal Context for Buyer #
Overall 10 of 10
Sector: Retail 1 of 1
Type: Add-on Acquisition 9 of 9
State: Georgia 1 of 1
Country: United States 9 of 9
Year: 2013 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-05 Bay Bread

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 Profile 1

SELLER

Parallel Investment Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-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 Context for Seller #
Overall 17 of 19
Sector: Retail 7 of 8
Type: Add-on Acquisition 6 of 6
State: Georgia 1 of 1
Country: United States 17 of 19
Year: 2013 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Superior Auto

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

Virginia Beach, Virginia, United States

USA Discounters is a 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. USA Discounters was formed in 1991 and is based in Virginia Beach.

Sell -