Lavazza, one of the largest espresso coffee producers in the world, has acquired Onda Coffee Break, the leading coffee shop chain in Bulgaria, for an undisclosed consideration.
The acquisition, completed in pursuit of Lavazza’s international growth strategy, represents an important investment aimed at consolidating the group's presence in Bulgaria, where espresso coffee consumption is growing rapidly. As a result of this transaction, Lavazza has acquired eleven shops located in key shopping areas in Sofia. Lavazza will gradually increase the visibility of its own brand within the Onda chain, aiming at turning its coffee shops into a showcase for authentic Italian espresso coffee in Eastern Europe.
Onda Coffee Break was formerly controlled by Global Finance, the largest private equity fund in the region, together with smaller local shareholders.
Oaklins' team in Italy originated the deal and assisted Lavazza throughout the acquisition process.
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