Starbucks completed the acquisition of 23.5 Degrees from Connection Capital.

Starbucks, an international restaurant chain that retails handcrafted coffee, tea, and fresh food items, completed the acquisition of 23.5 Degrees, a coffee shop, from Connection Capital, the private client alternative investment company. Financial terms were not disclosed. “I want to acknowledge the important contributions of 23.5 Degrees and the dedicated green apron partners. This strategic move will enable us to enhance our investment in new locations, elevate our in-store experience, and drive innovation for our UK customers,” Alex Rayner, Starbucks General Manager, UK, Switzerland and Austria.