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Raiffeisen Investment advised Global Finance on the sale of its investment

12 April 2010

Global Finance PE sold its investment in Bulgarian coffee shop chain ONDA to Lavazza Group.  Onda Coffee Break is Bulgaria's largest chain of coffee shops. Lavavazza Group, the Italian company, is now able to expand its coffee shop business with this acquisition, which features a portfolio of more than 350 points of sale in Europe, United States and Asia.

Lavazza Group is present in over 90 countries around the world with 2,000 employees worldwide. Every day there are 9 foreign subsidiaries and over 80 authorities distributors collaborating with Lavazza on the production of its products. Moreover, Lavazza is the leader in the Ho.Re.Ca. segment with over 11,000 cafes, hotels and restaurants. The acquisition of Onda offers Lavazza 11 points of sales, which are focused on coffee and also include Italian-style sandwiches, fresh products and assorted pastries.

 

The transaction was closed in April, 2010 and Raiffeisen Investment acted as financial advisor to Global Finance PE.



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