General Atlantic takes majority stake in Joe & the Juice
Context
General Atlantic acquired a majority stake in Joe & the Juice from Swedish private equity firm Valedo Partners. The deal is structured as a buy‑out of Valedo’s entire holding, which fully exits the business, while General Atlantic, which has been a minority investor since 2016, steps up to majority control. The transaction is intended to support Joe & the Juice’s international expansion, with a particular focus on the U.S. and the UK, as well as on deepening the company’s digital footprint and improving its balance‑sheet structure by reducing leverage. Since General Atlantic’s initial minority investment in 2016, Joe & the Juice has grown its store count from about 175 to more than 360 globally and increased revenue by more than fourfold, demonstrating strong underlying unit economics and category resilience. The group already operates more than 60 sites in the UK and around 70 in the U.S., with additional franchised locations in the Middle East and other regions, creating a diversified, multi‑market platform. By taking majority control, General Atlantic aims to accelerate both company‑owned and franchised store rollout, enhance brand consistency, and professionalize corporate‑governance and commercial‑roll‑out processes, leveraging its sector‑specific consumer‑investment expertise and global network.
Joe & the Juice, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average observed in the Retail & Consumer sector (12.0x in 2023).
-> Deep-dive in Retail & Consumer market trends
Target
Joe & the Juice is a Copenhagen‑born, global food and beverage chain focused on freshly prepared juice, coffee, and sandwiches served in a modern, design‑driven café environment. Founded in 2002, the company sources natural and organic ingredients directly from growers to underpin a concept centered on health‑oriented, on‑the‑go consumption. The menu combines premium‑roast coffee, cold‑pressed juices, and high‑quality sandwiches, targeting urban professionals and younger consumers seeking a lifestyle‑oriented dining experience rather than a purely transactional quick‑service proposition. With more than 480 stores across 23 countries in North America, Europe, the Middle East, and Asia, Joe & the Juice has transformed from a niche European concept into a globally recognized brand.
Ent. Value
$500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (USD)
Other operations with Joe & the Juice
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | EMIRATES INTERNATIONAL INVESTMENT COMPANY EIIC | JOE & THE JUICE | DENMARK | Restaurants / Chains |
| 10/2016 | GENERAL ATLANTIC / VALEDO PARTNERS | JOE & THE JUICE | DENMARK | Restaurants / Chains |
| 10/2013 | VALEDO PARTNERS | JOE & THE JUICE | DENMARK | Restaurants / Chains |
Other operations with General Atlantic
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | GENERAL ATLANTIC | EUROPEAN WAX CENTER | UNITED STATES | Beauty & Cosmetics |
| 12/2025 | GENERAL ATLANTIC / CPP INVESTMENTS | BOATS GROUP | UNITED STATES | E-commerce & Marketplaces |
| 07/2025 | GENERAL ATLANTIC | PLANETART | FRANCE | Specialized E-commerce |
| 10/2016 | GENERAL ATLANTIC / VALEDO PARTNERS | JOE & THE JUICE | DENMARK | Restaurants / Chains |
Similar deals in Hospitality & Leisure
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2023 | PUBLIC INVESTMENT FUND PIF | ROCCO FORTE HOTELS | UNITED KINGDOM | Hotels & Accommodation |
| 12/2023 | SHAMAL HOLDING | SUSHISAMBA GROUP | UNITED KINGDOM | Restaurants / Chains |
| 10/2023 | CALVETON / BREAL CAPITAL | THE EVOLV COLLECTION | UNITED KINGDOM | Restaurants / Chains |
| 10/2023 | LOV GROUP | ANGE BOULANGERIE | FRANCE | Restaurants / Chains |
| 09/2023 | MCWIN CAPITAL PARTNERS | BIG MAMMA | FRANCE | Restaurants / Chains |
| 09/2023 | PARADIES | TASTES ON THE FLY | UNITED STATES | Restaurants / Chains |
| 08/2023 | RESTAURANT BRANDS | FIESTA RESTAURANT | UNITED STATES | Restaurants / Chains |
| 07/2023 | TORIDOLL HOLDINGS CORPORATION / CAPDESIA GROUP | THE FULHAM SHORE | UNITED KINGDOM | Restaurants / Chains |
| 06/2023 | AZZURRI GROUP | BOOJUM | IRELAND | Restaurants / Chains |
| 05/2023 | PAI PARTNERS | LOOPING GROUP | FRANCE | Leisure Facilities |
REFERENCES
Valuation range: EV $500M–1.5bn
Revenue range: $150–250M
EBITDA range: $25–50M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Joe & the Juice by General Atlantic are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: joe & the juice
Acquirer: general atlantic
FAQ
What transaction does this page cover?
How was the acquisition of Joe & the Juice by General Atlantic valued, and what multiples were paid?
What were Joe & the Juice’s revenue and EBITDA at the time of the deal?
How does the valuation of Joe & the Juice compare to benchmarks in the Retail & Consumer sector?
What sources support the information on this transaction?
What is mynth?