Weekly Roundup of Private Equity Sector News
In an exciting development, Joe & the Juice, the Danish juice and coffee chain backed by General Atlantic, is gearing up for a U.S. Initial Public Offering (IPO) in 2025. The company is aiming for a valuation of around $2.4 billion, with plans to nearly triple its global store count to over 1,000. The focus will be on expanding in the U.S., UK, Europe, the Middle East, and Asia [1][2][3][4][5].
The transaction is supported by a consortium consisting of Apollo S3, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and co-lead investor Neuberger Berman. This move marks General Atlantic's latest investment in the rapidly growing food and beverage sector.
Meanwhile, there have been no recent updates regarding the potential IPOs of Bain Capital's Canada Goose Holdings Inc. and Tikehau Capital's Egis. However, it is worth noting that Tikehau Capital has raised over €1bn through a continuation fund, marking the first such fund for the company. This fundraise has propelled total capital commitments for Tikehau's private equity decarbonisation strategy beyond €2bn [6][7].
Bain Capital is reportedly considering the sale of part or all of its controlling stake in Canada Goose Holdings Inc., but no specific timeline for the sale has been disclosed [8]. As more details emerge, we will keep you updated on these exciting developments in the world of business and finance.
[1] BusinessWire
[2] Reuters
[3] Bloomberg
[4] Financial Times
[5] CNBC
[6] Private Equity International
[7] Pension & Investments
[8] Wall Street Journal
- The consortium that supports Joe & the Juice's IPO includes Apollo S3, a subsidiary of the Abu Dhabi Investment Authority (ADIA), and co-lead investor Neuberger Berman, all part of General Atlantic's latest investment in the food and beverage sector.
- In a separate development, Bain Capital is considering the sale of part or all of its controlling stake in Canada Goose Holdings Inc., though no specific timeline has been revealed yet.
- Tikehau Capital has successfully raised over €1bn through a continuation fund, marking the first such fund for the company, propelling total capital commitments for Tikehue's private equity decarbonisation strategy beyond €2bn.
- General Atlantic's investment in Joe & the Juice is aimed at expanding the company globally, with a focus on increasing store count in the U.S., UK, Europe, the Middle East, and Asia.
- As private equity firms like General Atlantic, Apollo S3, Neuberger Berman, Bain Capital, and Tikehau Capital make strategic investments and transactions, they continue to reshape the finance landscape.
