NETWORK advises Paragon Partners on sale of chicco di caffè to WISAG. The shareholders ofchicco di caffè,with 142 locations the market leader for coffee bars within companies, clinics and universities in Germany, have sold their shares toWISAG Catering Holding.Network Corporate Financeexclusively advised the shareholders of chicco di caffè on the transaction.
WISAG Catering Holding has acquired all shares in chicco di caffè, based in Munich. The previous majority owner of chicco di caffè was the financial sponsorParagon Partners. Within WISAG Catering Holding, chicco di caffè will form an independent brand. The managing directors Ralf Meyer and Manuel Müller will continue to manage the company. As a result, chicco di caffè becomes the fourth corporate pillar of WISAG Catering - alongside company catering, healthcare catering and event catering. In the modern working world with diverse and hybrid work concepts the acquisition represents a decisive development step in the segment of all-day snacking and is an important addition to company restaurants.
With 142 locations and around 300 employees, chicco di caffè is the market leader for coffee bars within companies, clinics and universities in Germany. With the claim to offer the best coffee from the best baristas, chicco serves a daily returning customer base. In addition to the core product group coffee, chicco di caffè offers an extended, all-day food range. In Bad Aibling, chicco di caffè operates its own organic, Fairtrade and climate-neutral certified roastery.
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