Lavazza buys Kicking Horse Coffee from Swander Pace: Reuters
Italian coffee maker Lavazza said this week it bought 80 percent of Kicking Horse Coffee in a deal valuing the Canadian company at $215 million, Reuters reported. Under the deal, Elana Rosenfeld, who founded the Invermere, British Columbia-based organic coffee brand in 1996, will own the remaining 20 percent and will continue to run the company as chief executive. The seller was U.S. private equity firm Swander Pace Capital. Swander Pace partnered with Rosenfeld in 2012 and made the investment through its Branch Brook Holdings partnership with Jefferson Capital Partners and United Natural Foods Inc.
24 May 2017•1 min read
