Jollibee Foods Corporation has announced the acquisition of a 70% stake in the owner of Compose Coffee, a prominent Korean coffee brand, for $340 million. The acquisition was made through its subsidiary, Jollibee Worldwide Pte. Ltd.
The remaining ownership will be divided among Titan Dining II LP (Titan Fund II) and Elevation Equity Partners Korea Limited (Elevation), holding 5% and 25% respectively. Elevation specializes in mid-market buyouts and growth capital investments in the consumer sector across Korea and Asia, while Titan Fund II focuses on strategic investments in food and beverage concepts.
Compose Coffee, established in Busan in 2014, has rapidly grown to become a leader in South Korea’s value coffee segment, boasting over 2,600 stores nationwide as of June 2024. Known for its high growth rate and strong brand satisfaction among Korean coffee brands, Compose Coffee operates 100% franchised stores supported by its own large-scale coffee roasting facility, JMCF Co. Ltd., ensuring the delivery of high-quality specialty beans at competitive prices.
The acquisition aligns with Jollibee Foods Corporation’s strategy to strengthen its presence in the Coffee and Tea Segment and expand its franchising initiatives. This strategic investment positions Jollibee to capitalize on the fast-growing international value coffee market in South Korea, marking a significant step in its global expansion efforts.