Lavazza Group purchases equity stake in Kicking Horse
Lavazza secures 80 percent intrest in company
The Lavazza Group, Turin, Italy, announced the purchase of an equity stake in Kicking Horse Coffee Ltd. from the private-equity fund Swander Pace Capital, which originally acquired the investment in 2012 in partnership with Jefferson Capital and United Natural Foods. Kicking Horse Coffee, a Canadian organic and Fair-Trade coffee player, has experienced remarkable growth in Canada and the United States, the company says.
With this transaction, Lavazza secures an 80 percent interest in the company, which was valued at 215 million Canadian dollars. Elana Rosenfeld, who founded Kicking Horse Coffee in 1996, will retain a 20 percent equity stake and will continue as chief executive officer.