Foresight injects £3m into 200 Degrees

The fresh capital will enable the business to open new coffee shops across the UK, increase its focus on wholesale distribution and develop its online coffee subscription model.

As part of the deal, former Caffe Nero managing director Jonathan Hart will take on the role of non-executive chairperson at 200 Degrees.

Company
Founded in 2012 and headquartered in Nottingham, 200 Degrees operates a chain of six coffee shops and distributes coffee beans to third parties. It currently has locations in Nottingham, Birmingham, Leeds, Leicester and Cardiff.

People
Foresight Group – Mike Quinn (senior investment manager).
200 Degrees – Rob Darby (CEO).

Advisers
Equity – PKF Cooper Parry (financial due diligence); Catalysis Capital Partners (corporate finance); Pragma (commercial due diligence).
Company – Haines Watts (financial due diligence); Fraser Brown (legal); Smith Cooper & Partners (financial due diligence).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Foresight Group