Highlighted Transactions

Consumer

 

Kicking Horse Coffee, Ltd.

The Lavazza Group announced the purchase of a significant equity stake in Kicking Horse Coffee, Ltd. Kicking Horse, a leading organic and fair trade coffee brand based in Invermere, Canada, has distinguished itself through its market leadership in Canada and remarkable growth in both Canada and the U.S. Lavazza acquired an 80% interest in the company, and Elana Rosenfeld, who founded Kicking Horse Coffee in 1996, retained a 20% equity stake and will remain chief executive officer. Total enterprise value of the transaction was 215 million CAD.

Piper Jaffray was exclusive financial advisor to Kicking Horse and its selling shareholders, including Swander Pace Capital, Jefferson Capital and United Natural Foods, Inc.

Client Description

Based in Invermere, B.C., Canada and founded in 1996, Kicking Horse is a premium coffee brand providing consumers with 100% organic and fair trade whole bean and ground coffee. The company sources premium coffee beans internationally and performs its proprietary bean roasting in Invermere. Kicking Horse can be found in a wide variety of grocery, mass and online retailers in the U.S. and Canada. Kicking Horse is currently the No. 1 organic coffee in Canada and was recently named the 10th best workplace in Canada. Co-founded by Elana Rosenfeld, the company is on a mission to provide the world's best coffee and improve environment sustainability.

Counterparty Description

Established in 1895 in Turin, Italy, has been owned by the Lavazza family for four generations. Among the world's most important roasters, the group currently operates in more than 90 countries through subsidiaries and distributors, exporting 60% of its production. Lavazza employs a total of about 3,000 people with a turnover of more than €1.9 billion in 2016. The company invented the concept of blending – the art of combining different types of coffee from different geographical areas – in its early years, and this continues to be a distinctive feature of most of its products.

Lavazza also has more than 25 years of experience in the production and sale of portioned coffee systems and products. It was the first Italian business to offer capsule espresso systems. The company operates in multiple business segments, including at home, away-from-home and office coffee service, always with a focus on innovation in consumption technologies and systems.

Back