BaltCap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss

Coffee Address Holding, the largest vending machine and coffee service company in the Baltics, currently owned by the private equity and venture capital firm BaltCap, has acquired a local Latvian coffee service company Kafe Serviss. The transaction will further strengthen the position of Coffee Address, improving both the product and service offering to its customers across the country.

Coffee Address is the largest company in the Baltics offering to-go coffee and coffee vending services for offices and HoReCa clients in Latvia, Lithuania and Estonia. Established in 1993, the company serves over 100,000 cups of coffee on a daily basis. Besides its regular coffee service, Coffee Address also offers a complimentary range of products, including sugar, tea and snacks, and provides private label solutions starting from customized blends all the way to packaging.

Established in 1998, Kafe Serviss is a vending machine operator in Latvia, offering coffee and convenience foods in the workplace, public spaces and the HoReCa sector. The company is the official distributor of Lavazza and KIMBO coffee in Latvia. It operates through two key business segments – operations of self-service vending machines, where it has more than 1,500 units across Latvia, and office coffee service, where it provides coffee machines and coffee products to offices and the HoReCa segment.

Oaklins’ team in Latvia acted as the M&A advisor on all aspects of the design, negotiation and closing of the transaction.