Bean Coffee to raise $250 Mn

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Bangalore: Amalgamated Bean Coffee Trading Company, operating in the areas like plantations, exports and retailing, is planning to raise $250 million from private equity investors, reported Business Standard.

By this move, the Bangalore based company plans to consolidate its group companies under a holding firm.

The company, which runs the popular Cafe Coffee Day chain, has also interests in real estate, hospitality and a retail broking firm Way2Wealth. Global Technology Ventures, one of its subsidiaries, has made investments in MindTree and Ittiam Systems.

The promoters' holding is scattered in various entities and with clarity in the holding company structure, it could pave the way for a listing, says sources.

Cumulatively, the turnover of all the companies is estimated to be at Rs 800 crore. Some months back, Cafe Coffee Day had raised close to $75 million from Deutsche Bank and Darby Investments, an investment arm of Franklin Templeton.

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