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Completed

Nassef Sawiris and NNS Holding completed a $48m investment in Joe & The Juice.

Financials

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Transaction Value£34m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Completed

Acquisition

Minority

Private

Private Equity

restaurant

juice bar

coffee shop

Restaurants and Bars

Denmark

Cross Border

Synopsis

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Nassef Sawiris and NNS Holding completed a $48m investment in Joe & The Juice, a Danish juice chain. Two private equity funds General Atlantic and Valedo Partners have both had their shares reduced. "Covid-19 has been, and continues to be, a challenging period for Joe & The Juice and the industry. The capital injection ensures a contingency that can withstand a longer period of uncertainty, while we can navigate and grow the company in a disruptive retail market," Thomas Nørøxe, Joe & The Juice HR Manager.

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