Serruya brothers join Second Cup board with debt exchange deal
Canadian specialty coffee retailer Second Cup Ltd (TSX: SCU) has closed its $8 million debt exchange transaction with SPE Finance LLC, an affiliate of Serruya Private Equity (SPE). Each of the four SPE shareholders now hold about 6.9 percent of Second Cup's outstanding shares or about 7.2 percent if warrants are exercised. SPE Managing Directors Michael Serruya and Aaron Serruya have as a result joined the company's board of directors. SPE is a Canadian family office that specializes in consumer-brand investments.
11 August 2017•2 mins read
