Advent-Led Group Jumps On Java Train With Coffee Bean Buy

Law360, New York (September 13, 2013, 6:11 PM EDT) -- An investor group led by Boston private equity house Advent International Corp. has acquired an equity stake in the owner of the Coffee Bean & Tea Leaf chain, it said Friday, the latest private investment in U.S. retail coffee.

Advent partnered with CDIB Capital, the overseas investment arm of merchant banker China Development Financial, to acquire the equity position. The group also includes Mirae Asset Private Equity and the Sassoon family, Coffee Bean's former largest shareholder.

Financial terms of the investment were not disclosed. Officials for...
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