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11/2023

JOE & THE JUICE acquired by GENERAL ATLANTIC

DENMARK Hospitality & Leisure / Hospitality / Restaurants / Chains EV 500M - 1.5b USD

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.

In the past, the company had already been the subject of several LBOs, notably led by Valedo Partners in 2013 and General Atlantic / Valedo Partners in 2016. This succession of buyouts highlights the strong attractiveness of the company's business model.

JOE & THE JUICE, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Retail & Consumer sector (10.6x).

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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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2022
2021

Other operations with JOE & THE JUICE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
04/2026EMIRATES INTERNATIONAL INVESTMENT COMPANY EIICJOE & THE JUICEDENMARKRestaurants / Chains
10/2016GENERAL ATLANTIC / VALEDO PARTNERSJOE & THE JUICEDENMARKRestaurants / Chains
10/2013VALEDO PARTNERSJOE & THE JUICEDENMARKRestaurants / Chains

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 150M - 250M USD

EBITDA range: 25M - 50M USD

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