Advent, CDIB buys The Coffee Bean & Tea Leaf

Advent International is partnering with CDIB Capital to buy a "significant equity position" in International Coffee & Tea, LLC, which owns and operates The Coffee Bean & Tea Leaf. Financial terms weren't announced. Mirae Asset Private Equity and the Sassoon family, the Coffee Bean's largest existing shareholder, also participated. Los Angeles-based The Coffee Bean is a specialty coffee and tea retailer in the United States.

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