Broadlake acquires Jede UK
Broadlake Capital has acquired Manchester-based coffee company Jede UK from Jede, a subsidiary of Nestle.
The investment will underpin the company's expansion in the UK and Ireland.
Dublin-based Broadlake Capital has €100m under management and makes equity investments of £2-20m. This latest investment is its first in the coffee market.
Company
Manchester-based Jede UK is a vending machine coffee producer previously owned by Jede, a subsidiary of Nestle. The firm provides around 15 million cups of coffee through its vending machines per year.
People
Pete Smyth is chief executive of Broadlake Capital.
Advisers
Equity - Byrne Wallace (Legal); Spain McQuillan (Financial due diligence).
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