Joe & The Juice close to agreement with a US investor – The Post

Joe & The Juice close to agreement with a US investor

Denmark-based juice and coffee upstart on the upswing

Their cup runneth over (photo: Chris Weaver)
August 31st, 2016 4:26 pm| by Ray W
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The trendy juice and coffee chain Joe & The Juice is close to brewing up a deal with an American investor.

According to Børsen newspaper, Valedo Partners and Joe & The Juice founder and managing director Kaspar Basse, have been in negotiations with an American investor.

“No comment,” Basse told Børsen when they asked if a US private equity fund was set to buy a minority stake in the company.

READ MORE: Joe & The Juice to enter Asian market

Hot coffee
Basse and his partner, Johan Wedell-Wedelsborg, sold a majority stake in the chain to the Swedish private equity concern Valedo Partners for 300 million kroner in 2013.

Basse netted almost 100 million kroner out of the sale and maintained a 19 percent ownership of Joe & the Juice.

From 2014 to 2015, the chain’s revenue increased by over 100 million kroner to 404 million kroner, resulting in profits of three million kroner, as opposed to a 21 million kroner loss the previous year.

Still growing
The number of stores has grown consistently since the chain opened in 2002.

It currently has over 150 locations throughout Scandinavia, the UK, the US and Asia.