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Illycaffe Kicks Off Stake Sale to Fuel U.S. Expansion

  • Italian coffee roaster working with Goldman to find partner
  • Illycaffe may offer about 20% stake to potential investors
Illy coffee is poured in New York. 
Photographer: Monica Schipper/Getty Images
Updated on

Illycaffe SpA, one of Italy’s largest coffee roasters, has kicked off the sale of a minority stake to support its expansion in the U.S. market, people familiar with the matter said.

The company, known for high-end espresso sold in silver and red cans, has sent preliminary marketing materials to potential investors, according to the people. Illycaffe could offer about a 20% stake that may value the firm at more than 1 billion euros ($1.1 billion), the people said, asking not to be identified because the information is private.