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Browne Jacobson advises 200 Degrees on acquisition by the Caffè Nero Group

UK & Ireland law firm Browne Jacobson advised coffee roaster 200 Degrees on its acquisition by the Caffè Nero Group.

 

200 Degrees was established in 2012 and has 21 stores across the North and the Midlands.

Its early success drew attention from investors, with 200 Degrees being backed by a £3m investment from Foresight in 2017.

200 Degrees
200 Degrees Leicester
© westbridgfordwire.com

With this acquisition, 200 Degrees will continue to operate as a standalone brand and will sit alongside Caffè Nero Group’s other brands – Caffè Nero, Harris+Hoole, Aroma, and Coffee#1. The international coffee giant is looking to grow the 200 Degrees brand as part of its UK growth strategy.

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•  West Bridgford coffee business 200 Degrees sold to Caffè Nero

The Browne Jacobson team included partners Sam Sharp and Matt Bolton, and associate David Burdon, with senior associate Rebecca Burge advising on tax matters.

 

200 Degrees
200 Degrees Birmingham
© westbridgfordwire.com

Sam Sharp, Partner at Browne Jacobson, said: “This acquisition by the Caffè Nero Group is a testament to the value of 200 Degrees and its continued success over the past decade. We’re thrilled to have advised Stephen and the team on the next phase of their growth journey, and we look forward to seeing them expand across the UK.”

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200 Degrees Flying Horse Walk
© westbridgfordwire.com

Stephen Fern, Managing Director at 200 Degrees, said: “We are thrilled that the strong market position and growth potential of 200 Degrees has been recognised within the sector, and we are excited to see where our brand can go now that we have become part of the Caffè Nero Group family.

Stephen Fern managing director of 200 Degrees
Stephen Fern, managing director of 200 Degrees

“Sam and the Browne Jacobson team have gone above and beyond for us in this transaction. Their M&A expertise and knowledge of the food and drink sector are second to none – both integral to getting this over the line for us.”

•  Busy start for West Bridgford’s 200 Degrees coffee shop

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