Café & Té has been acquired by H.I.G. Capital
The private shareholders of Café & Té have sold the company to H.I.G. Capital for an undisclosed consideration.
Café &Té is an operator of coffee shops and cafeterias, with the largest network of fully owned outlets in Spain and Portugal, as well as a network of franchises. The company has 147 outlets in prime locations operating under the brands Café & Té, Café y Tapas, Il Café di Roma, Kroxan, California and Sky Madrid.
Based in Miami, USA, H.I.G. Capital is a leading global private equity investment firm with over US$20 billion of equity capital under management.
Café & Té was owned by its two founding partners, President Gustavo Ron with 51% shareholding and Miquel Ángel Fort with 2%. The remaining 47% was owned by the international private equity fund, 3i.
Oaklins' team in Spain advised the shareholders of Café & Té on the design, negotiation and closing of the transaction.
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