Sale of Gloria Jean's Coffee group to Retail Food Group Ltd
We advised Tea & Coffee Traders (the Saleh family) on the sale of the Gloria Jean's Coffee group, a global business that is a market leader in coffee roasting and franchised coffee retail in Australia, to ASX listed Retail Food Group Limited (owner, developer and manager of retail food franchise systems). Retail Food Group paid A$163.5m for the Gloria Jean's Coffees group.
Our role involved advising the Saleh family on all aspects of the sale, including refinancing, conducting a review of the group structure, structuring the deal, drafting and negotiating all transaction documents and managing completion of the transaction.
This deal was a significant transaction in the marketplace, with the Gloria Jean's group having more than 800 outlets in 39 markets worldwide. The sale completed in December 2014.