Bean Coffee to raise $250 mn

Bangalore-based Amalgamated Bean Coffee Trading Company, which is into plantations, exports and retailing, is planning to raise $250 million from private equity investors, according to sources.

This is a part of a restructuring exercise by the company to consolidate its group companies under a holding firm.

The company, which runs the popular Café Coffee Day chain, has also interests in real estate, hospitality and a retail broking firm, Way2Wealth. Global Technology Ventures, a subsidiary, has made investments in MindTree and Ittiam Systems.

According to the sources, the promoters' holding is scattered in various entities and with clarity in the holding company structure, it could pave the way for a listing. No official comments were available from the company.

Cumulatively, the turnover of all the companies is estimated to be at Rs 800 crore.

The decision to raise $250 million comes within months of Café Coffee Day, or CCD, raising close to $75 million from Deutsche Bank and Darby Investments, an investment arm of Franklin Templeton.