BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm with offices in Cologne and New York City, exclusively advised Tank & Rast Group („Tank & Rast“, https://tank.rast.de/en.html), on the full takeover of the Swedish franchise coffee bar chain Wayne’s Coffee („Wayne’s Coffee“, www.waynescoffee.com).
Wayne’s Coffee is one of the leading franchise coffee bar chains in Scandinavia with a #2 market position in Sweden. The company was founded in 1994 and has expanded internationally since several years. Currently, Wayne’s Coffee is represented in Europe and Asia with approximately 125 shops. In 2017, Wayne’s Coffee was awarded “Franchise chain of the year” in Sweden.
Tank & Rast intends to continue the international expansion of Wayne’s Coffee.
“Tank & Rast and Wayne's Coffee complement each other in terms of strategy and competencies,” said Dr. Karl-H. Rolfes, CEO of Tank & Rast. “Together with our development company we spent a long time looking for the right partner to enable us to tap the lucrative coffee bar market. Wayne's Coffee's cooperative, modern and sustainable FIKA culture, and its focus on top quality and strong growth make it a perfect fit for us and our portfolio of strong up-and-coming brands. We plan to implement the concept at our service areas as well as beyond the motorway.”
"We have gained an experienced and strong partner in Tank & Rast that will give us advice and support as we write the next chapter of our growth story," added Mats Hörnell, CEO of Wayne's Coffee.
The parties have agreed not to disclose the purchase price.
BELGRAVIA & CO. acted as exclusive financial advisor to Tank & Rast on this transaction.