Rhone Capital, a private equity firm, completed the acquisition of a 20% stake in Illycaffe, a premium coffee brand, for $239m. "We chose Rhone as a travel companion for this next phase of growth because of their deep, global experience in strategically partnering with family-owned companies and based on their ability to understand illy’s unique, premium positioning rooted in its superior quality, longstanding heritage and authentic, sustainable business model. I strongly believe that Rhone will be an ideal partner as we continue to realize our dream of offering the greatest coffee to the world, which is our foundation and uncompromised vision for the future,” Andrea Illy, Illycaffe Chairman.