Deals
General Atlantic to Buy Majority Stake in Joe & the Juice
- Minority shareholder General Atlantic to buy Valedo’s stake
- Deal could value chain of cafes at about $600 million
A Joe & the Juice store in Copenhagen.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
General Atlantic has reached a deal to acquire control of Joe & the Juice, the high street chain that sells smoothies and sandwiches to young professionals and hipsters.
The US private equity group, already a minority shareholder, agreed to buy the stake held by Swedish firm Valedo Partners, which is exiting its investment, General Atlantic said in a statement Monday. Financial details weren’t disclosed.