The world’s largest private equity firm, Blackstone, has invested in the drive-thru coffee brand 7 Brew. Blackstone anticipates this investment to accelerate 7 Brew’s business expansion.
Blackstone announced on the 14th (local time) that Blackstone Growth and its affiliated funds have made a growth equity investment in 7 Brew, but the exact size of the investment has not been disclosed.
In this investment deal, Eldredge & Clark served as the legal advisor for 7 Brew, while Simpson Thacher & Bartlett represented Blackstone.
7 Brew launched its first coffee brand, Stand, in Rogers, Arkansas, in 2017. Since then, it has sold over 20,000 custom beverages, including espresso coffee, chillers, tea, infused energy drinks, and carbonated drinks.
7 Brew currently operates over 190 stores nationwide. Last year, it was selected as a “Brand to Watch in 2023” by QSR Magazine.
Blackstone plans to continue accelerating 7 Brew’s business expansion through this investment.
Blackstone stated, “This investment demonstrates Blackstone’s strategy of investing in strong franchise businesses alongside highly skilled operators. We are pleased to be able to spur the next stage of 7 Brew’s growth through Blackstone’s experience and global resources.”
John Davidson, CEO of 7 Brew, said, “Thanks to our outstanding team, the Brew Crew, for making us embark on a strong growth trajectory. We are thrilled to have a true partner in Blackstone who understands our culture and can help us reach the next growth stage with its global scale and amazing resources”.
Meanwhile, Blackstone manages over a trillion dollars (approximately 1,331 trillion won) in assets and focuses on real estate, private equity, infrastructure, life sciences, growth stocks, credit, tangible assets, and secondary and hedge fund investments.
Most Commented