Go to deals
Private Equity | Business Support Services

BaltCap-backed Coffee Address has acquired Latvian vending machine operator Kafe Serviss

Coffee Address Holding, the largest vending machine and coffee service company in the Baltics, currently owned by the private equity and venture capital firm BaltCap, has acquired a local Latvian coffee service company Kafe Serviss. The transaction will further strengthen the position of Coffee Address, improving both the product and service offering to its customers across the country.

Coffee Address is the largest company in the Baltics offering to-go coffee and coffee vending services for offices and HoReCa clients in Latvia, Lithuania and Estonia. Established in 1993, the company serves over 100,000 cups of coffee on a daily basis. Besides its regular coffee service, Coffee Address also offers a complimentary range of products, including sugar, tea and snacks, and provides private label solutions starting from customized blends all the way to packaging.

Established in 1998, Kafe Serviss is a vending machine operator in Latvia, offering coffee and convenience foods in the workplace, public spaces and the HoReCa sector. The company is the official distributor of Lavazza and KIMBO coffee in Latvia. It operates through two key business segments – operations of self-service vending machines, where it has more than 1,500 units across Latvia, and office coffee service, where it provides coffee machines and coffee products to offices and the HoReCa segment.

Oaklins’ team in Latvia acted as the M&A advisor on all aspects of the design, negotiation and closing of the transaction.

Parties
“Joining forces with the Kafe Serviss team will enable us to create considerably better product and service offering for our existing and future customers in the Latvian market. I am happy that both parties believed in the mutual benefits of the transaction to the end and were able to successfully overcome the COVID-19 related challenges.”

Viktorija Meiksane

Chairwoman, Coffee Address Holding

Talk to the deal team

Valērija Lieģe

Partner
Riga, Latvia
Oaklins Baltics

Jānis Lasmanis

Partner
Riga, Latvia
Oaklins Baltics

Reinholds R. Razums

Director
Riga, Latvia
Oaklins Baltics

Related deals

Jeco Energies has sold a significant minority interest to NPM Capital
Private Equity | Energy

Jeco Energies has sold a significant minority interest to NPM Capital

NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.

Learn more
PiLON has been acquired by United Living Group
Business Support Services

PiLON has been acquired by United Living Group

United Living Group has acquired PiLON, the property services business operating in the social housing sector. This transaction combines PiLON’s expertise in social housing maintenance and people-focused approach with United Living Group’s extensive resources and industry network. PiLON is now well-positioned to explore new avenues for innovation, expand its service capabilities and deliver even greater value to its clients and communities.

Learn more
Holyhead Towing Company Ltd. has been acquired by Fortuna Ltd.
Business Support Services

Holyhead Towing Company Ltd. has been acquired by Fortuna Ltd.

Fortuna Ltd. has acquired Holyhead Towing Company Ltd. Holyhead Towing, a trusted provider in the maritime and towing services sector, brings essential expertise and operational capabilities to Fortuna, enhancing the group’s marine logistics support and aligning with its strategic objectives. This acquisition marks a pivotal moment in Holyhead Towing’s journey, supporting its growth and service capacity within Fortuna’s international operations.

Learn more