Japan's Advantage Partners Unloads Komeda Coffee Chain

Law360, New York (January 15, 2013, 1:26 PM EST) -- Japanese private equity house Advantage Partners will transfer its controlling stake in the Komeda Co. coffee chain to a Korean investment firm, MBK Partners LP, closing out speculation that the two were nearing a deal for the 483-shop operation, Komeda said Tuesday.

The parties did not disclose the financial terms of their transaction, which gives MBK Partners an 80 percent stake in Komeda. The firms did not say how the buyer, an East Asia-focused investor, would cover the purchase, or give a timetable for the sale’s...
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