Blackstone announced that Blackstone Growth and affiliated funds have made a growth equity investment in 7 Brew Coffee, which it calls “the next generation drive-thru beverage business.” Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners, Blackstone added. Terms of the transaction were not disclosed. Todd Hirsch and Katie Storer of Blackstone said, “7 Brew’s impressive growth to date is a testament to its strong team and franchisee partnerships. We are excited to partner with this business that is redefining the out-of-home coffee experience, by marrying a personal, human-centric customer service experience with premium products and exceptional efficiency.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BX:
- M&A News: L’Occitane Shares Surge to All-Time High on Blackstone’s Interest
- Blackstone considering takeover bid for L’Occitane, Bloomberg says
- Blackstone put volume heavy and directionally bearish
- Blackstone price target raised to $101 from $95 at BMO Capital
- Blackstone price target lowered to $136 from $140 at Deutsche Bank