easyCoffee’s plan to roll out 800 merchandising machines nationally within the subsequent yr has been given a spice up following a £10 million funding by means of Stellar Asset Management. The espresso chain – a part of the ‘easy’ circle of relatives of manufacturers that incorporates easyJet – has loved fast enlargement because it introduced in 2016 and not too long ago put in its 50th merchandising system out there. It additionally served its millionth cup of espresso in its 8 espresso shops.
This capital injection from property and succession making plans specialist Stellar Asset Management greater than triples the volume secured in previous capital elevating rounds, which ended in £3 million of investments within the corporate by means of traders reminiscent of Saudi funding team Al-Dhowayan.
easyCoffee might be to be had to traders via Stellar’s ESP Growth Portfolio Service – a discretionary controlled portfolio making an investment in a diverse vary of qualifying industry actions.
easyCoffee CEO, Nathan Lowry, commented: “We are excited to now move forward with our ambitious growth plans, thanks to this significant investment by Stellar Asset Management.”
He added: “Vending is a highly profitable business driven by brand recognition. This investment is an endorsement that the easyCoffee brand, like its sister brand easyJet, stands for a quality product and service at a value price.”
Jonathan Gain, of Stellar, mentioned: “Stellar is delighted with this deal, we are committed to offering our investors maximum investment diversification and easyCoffee will sit alongside our other qualifying business activities including: commercial forestry and farming; residential and commercial development; renewable energy; and managing and operating hotels. We are looking forward to working with Nathan and the team and the exciting growth opportunities in this market.”