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Local coffee business raises £3 million from private equity investors with help of Smith Cooper

Dan Bowtell, partner at Midlands accounting member Smith Cooper, led the deal which enables 200 Degrees to take their business to the next level.

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Specialist coffee business, 200 Degrees, which is based in Nottingham, has received £3 million of funding from private equity investor Foresight Group. The deal was advised on by Smith Cooper.

200 Degrees was founded in 2012, starting life as a garage enterprise, but has gone from strength to strength - the company now has six coffee shops across the UK and supplies hundreds of wholesale customers. 200 Degrees also offers a barista school and a subscription scheme, and has plans to open more coffee shops across the UK.

Private equity investment

Foresight Group provided the investment into the business. Foresight is a leading independent infrastructure and private equity investment manager whose portfolio of fund management activities extends internationally. 

Role played by Smith Cooper

Throughout the transaction, Smith Cooper provided assistance to 200 degrees in the negotiations with Foresight Group, and provided structural and financial advice to the shareholders. 

Dan Bowtell, a partner at Smith Cooper, led the deal and comments:

“200 Degrees is highly renowned locally, having established a reputable and ethical brand over the last 5 years. Foresight's funding will help the company to develop further, potentially doubling both the workforce and revenue streams. The investment will provide the entrepreneurial owners with the financial backing they need to be able to grab every opportunity that comes their way. We were delighted to be able to support such a passionate and ambitious business.”