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Tag: Longreach

  • Longreach Group bought Japan’s Caffe Veloce

    Longreach Group bought Japan’s Caffe Veloce

    Asian private equity firm The Longreach Group has again acquired a Japanese coffee chain – this time the Caffe Veloce from Chat Noir Company.

    Without disclosing the amount of the transaction, The Longreach Group said it has agreed to buy Caffe Veloce, a year after buying Kohikan from UCC Foodservice Systems (UFS).

    The company said the acquisition reflects its core investment focus on acquiring and adding value to high potential companies in the specialty consumer business sector.

    “We will accelerate Chat Noir’s growth through the enhancement of a variety of menu items, new marketing campaigns and via new store expansion to regional markets in Japan,” it added.

    Chat Noir has 190 Caffe Veloce locations across Japan.

    Founded  in 2003, The Longreach Group has experience in the food and beverage industry and wholly owns Wendy’s First Kitchen. It also has minority ownership in McDonalds Japan.

  • Longreach to acquire Japanese coffee shop Kohikan

    Longreach to acquire Japanese coffee shop Kohikan

    Asian private equity firm The Longreach Group has agreed to totally acquire Japanese coffee shop chain Kohikan Corporation from UCC Foodservice Systems (UFS) for an undisclosed amount.

    In a statement on its website, Longreach says it has reached an agreement with UFS to buy 100 per cent of its subsidiary Kohikan. The deal is expected to close on May 1.

    Longreach says the investment would be an opportunity with a clear business growth path in the premium coffee business in Japan “with a potential to expand into high-growth Asian markets”.

    Established in 1970, the chain has 277 stores throughout Japan under the brand names Cafe di Espresso Kohikan, Karakuan, Kakura and Kohikan.

    “Longreach will accelerate Kohikan’s growth through enhancing the stores’ format and via expansion,” says the firm. Set up in 2003 by former UBS Securities Japan CEO Mark Chiba and former Morgan Stanley executive Masamichi Yoshizawa, Longreach has experience in restaurant chains and owns Wendy’s First Kitchen.

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