PE Keeps Caffeine Buzz Going With Java Detour Takeover

Law360, New York (May 7, 2013, 1:52 PM EDT) -- Java Detour Inc. on Tuesday became the latest gourmet coffee and tea company to attract investors, following takeovers for Caribou Coffee Co., Peets Coffee & Tea Inc., Teavana Holdings Inc. and others as private equity places a big bet on America's caffeine addiction.

Robert Naify, former CEO of United Artists, has acquired the San Francisco-based roaster along with his son Mark and Harry Kraatz, a well-traveled Bay Area food sector pro. Their goal is to build “one of the world's great specialty retail coffee brands,” and...
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