Liberty Corporate Finance is pleased to announce the completion of the £25million secondary Buyout of Coffee Nation backed by Milestone Capital Partners and its management team.
Liberty were introduced to the opportunity by Simon Vardigans, Coffee Nation’s Finance Director and were appointed as corporate finance advisors to the management team of Coffee Nation. Coffee Nation is the market leader in self serve gourmet coffee, having created the original concept in 1999, following seed investment from Primary Capital. The concept is the successful marriage of premium quality barista coffee with the consistency, availability and ease of vending. Coffee Nation has some 550 outlets across the UK in motorway services, petrol forecourts and convenience stores and counts Welcome Break, Tesco, Sainsbury’s and Somerfield amongst its customers.
Milestone backed the existing management team led by Scott Martin, the Managing Director, providing additional capital and expertise to finance the roll-out of the Coffee Nation proposition.
Steve Thomson, Director of Liberty Corporate Finance, commented: “The team at Coffee Nation have a successful track record and Liberty are delighted to have worked with them to secure fresh investment to take them through the next phase in their growth strategy”. Scott Martin, Managing Director of Coffee Nation, commented: “This is a great vote of confidence in our business. We have already proven that Coffee Nation is a successful business model. This additional investment from Milestone will allow us to break into new markets and further improve the productivity from our existing sites. Our ambition is to turn Coffee Nation into one of the leading coffee brands in Europe”.