Darby Asia invests $25 mn in coffee day

Chennai: Darby Overseas Investments Ltd, the private equity arm of Franklin Templeton Investments, has said that its Darby Asia Mezzanine Fund II has invested $25 million through an affiliate in the Bangalore-based Amalgamated Bean Coffee Trading Co Ltd (popularly known as Coffee Day).

The money will be deployed in expanding Coffee Day’s presence across India and in parts of Europe, according to the release. The transaction details were not disclosed. This is Darby’s third investment in India in the last 12 months.

Coffee Day is one of the largest integrated coffee players in India, with operations ranging from procurement and processing to retailing. It operates coffee cafes under the Café Coffee Day brand.