Acquisition and Expansion of Starbucks Franchises in Brazil

Delphos served as the debt advisor to SouthRock Capital, Ltda., a Brazil-based, U.S. owned food and beverage operator in Brazil. Delphos assisted SouthRock to arrange a $20 million debt facility from WorldBusiness Capital in 2018 to help SouthRock acquire the master license for Starbucks in Brazil and build additional Starbucks locations across the country. At the time of acquisition, the Starbucks Brazil business was managed as a corporate subsidiary of Starbucks Corporation in Seattle. The debt was a long-term facility with an attractive grace period to allow for SouthRock to build out a substantial number of stores during the commitment period.

Details

Category

  • Retail

Client Name

Southrock Capital

Services Provided

  • Capital Raising

Region

  • Latin America & the Caribbean

Country

  • Brazil