Funds managed by Granville Baird GmbH ("Granville Baird") have divested their shareholding in Balzac Coffee GmbH & Co. KG, Hamburg ("Balzac Coffee") within the framework of the merger of Balzac Coffee and World Coffee Company GmbH & Co KG, Hamburg ("World Coffee"). Network Corporate Finance, Düsseldorf, acted as exclusive financial advisor to Granville Baird.
Transaction
The shareholders of Balzac Coffee and World Coffee have decided to merge the two Hamburg based companies as of 15th July 2011. This transaction, during which funds advised by Granville Baird have divested their entire shareholding in Balzac Coffee, combines the two German coffee shop pioneers and enables them to further their successful growth story together. Upon closing of the transaction, the combined entity will operate 58 coffee shops in 18 cities in Germany. Network Corporate Finance advised Granville Baird exclusively on the transaction.
Company
Balzac Coffee is the leading German coffee shop chain and currently operates 30 shops in Hamburg, Berlin, Hannover and Lübeck. Based on an established strong brand, a high-quality product portfolio and a clearly structured shop concept, the company has a strong growth record since 2001 and currently employs some 400 staff.
For additional information on Balzac Coffee:
www.balzaccoffee.com
