CCD lenders in talks with PEs to sell office vending busines

CCD lenders in talks with PEs to sell office vending business


CCD lenders initiate talks with PEs to sell office vending business
CCD’s vends are installed in over 50,000 office locations across the country and it controls up to 70% of the office coffee vending market, as per unofficial estimates.
Synopsis
The three funds are said to be independently evaluating the CCD business that has India’s largest network of fresh coffee-dispensing machines at office locations.
New Delhi: Café Coffee Day’s (CCD) lenders have initiated talks with several private-equity funds, including Samara Capital, PremjiInvest and Multiples, for the sale of the retailer’s office-vending business after a failed attempt to strike a deal with the Tata Group, executives aware of the talks told ET. The three funds are said to be independently evaluating the CCD business that has India’s largest network of fresh coffee-dispensing machines

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