For the second time a European-style café chain Dôme Coffees Australia Pty Ltd secured investment from Navis Capital Partners, a private equity firm specializing in direct equity investments in growth, buyouts, recapitalizations, and financial restructurings.
Modeled on a European-style cafe-restaurant with 110 outlets in Australia and other parts of the world including Malaysia and Bahrain, Dôme has scored a fourth round of funding, this time from sole investor Navis, totaling between $50 million and $100 million, said Dôme Managing Director Nigel Oakey.
Kuala Lumpur, Malaysia-based Navis has taken a majority stake in Dôme, using capital from its sixth, $1.2 billion fund. The exact figure for this new round wasn’t disclosed by either Navis or Dôme, but Mr. Oakey noted that the enterprise value of the company back in 2007 and 2008 was roughly $50 million to $60 million, and since then has increased.
Dôme previously raised around $70 million, with this latest round marking Navis’s second investment into the business.
Navis first injected capital in Dôme through its Navis Asia Fund III in 2003, and then exited the investment five years later. Media reports, including one from the Asian Private Equity Review, previously said that Navis spent $15 million buying out Australian buyout firm GS Private Equity Partners in December 2003.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, European-Style Café, Dôme Coffees Australia Pty Ltd, Navis Capital Partners, Australia, Malaysia, Bahrain, Nigel Oakey, Kuala Lumpur, Navis Asia Fund III, Asian Private Equity Review, Australian Buyout Firm, GS Private Equity Partners.