Luckin Coffee’s PE Owner Gains More Control Over Chinese Chain
Customers at a Luckin Coffee Inc. store in Shanghai, China.
Photographer: Qilai Shen/BloombergCenturium Capital consolidated its holding in Luckin Coffee Inc. to tighten control over China’s biggest coffee chain.
The China-focused investment firm acquired 136.2 million Class B shares from Lucky Cup Holdings Ltd., an investment vehicle of one of Centurium’s funds, according to an exchange filing Thursday. The transaction allows Centurium to streamline its ownership structure, without changing its stake in Luckin.