Isis sells Kafevend to Eden Springs

Under Isis's stewardship, Kafevend formed a partnership with Mars Drinks in 2010.

Previous funding
Isis acquired the company in October 2005, investing from the Baronsmead VCTs in a deal worth £13m, according to unquote" data. The deal saw Isis supporting Kafevend's management buyout from former parent Ikon Office Solutions.

Company
Established in 1992, Kafevend is a UK vending machines supplier, specialising in hot drinks, coffee vending machines, as well as water and snack vending machines. The company's clients are predominantly SMEs and corporates.

Kafevend is headquartered in Crawley and has offices in London, Epping, Bristol, Manchester and Scotland. The company reported turnover of £20m in 2013 and employs 100 people.

People
Kafevend CEO John Collins, who led the 2005 MBO, will become commercial managing director. Benoit Broch is an investment director at Isis.

Advisers
Company – Clearwater Corporate Finance (Corporate finance); Pinsent Masons (Legal); Aequitas Corporate Finance (Management due diligence).

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• Topics
• Exits
• UK / Ireland
• Consumer
• ISIS Equity Partners
• Trade sale
• United Kingdom