A company is looking to gain more growth and spreading themselves internationally. The transaction is not complete yet and is not expected to be until the year 2021. In 2021 we will know the value of the transaction. As it stands now they provide equipment to different retailers and offer a wide variety of coffee. They were founded in 1933 and are seeking to expand over all different continents instead of just in Europe where they originated.
Key Takeaways:
- New York-based Rhône Capital has held stakes in companies such as WeWork, Fogo de Chão, and VistaJet.
- Illycafè was founded in 1933 and now sells its premium coffee in more than 140 countries.
- Illy’s chairman said they partnered with Rhône because of its experience in dealing with family-owned businesses.
“The companies have not announced the value of the transaction, which is expected to be completed in Q1 of 2021, according to Illy.”
Leave a Reply