JOE & THE JUICE
Acquired by
GENERAL ATLANTIC
JOE & THE JUICE acquired by GENERAL ATLANTIC
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 LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the average currently observed in the Retail & Consumer sector (11.3x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Historical Financials (USD)
Other operations with JOE & THE JUICE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2026 | EMIRATES INTERNATIONAL INVESTMENT COMPANY EIIC | JOE & THE JUICE | DENMARK | Hospitality & Leisure | Emirates International Investment Company (EIIC), a leading UAE‑based private investment firm and the strategic investment arm of National Holding Group, acquired a minority stake in Joe & the Juice. The transaction is structured as a mix of secondary share purchases from General Atlantic and the issuance of new equity, with General Atlantic remaining the majority shareholder and retaining control of the business. The move deepens an existing partnership between the two parties, as EIIC already operates as a franchise partner for Joe & the Juice in several markets, including Spain and Turkey, where it combines local market knowledge with capital to support store rollout and brand‑building. The fresh capital injection is intended to accelerate Joe & the Juice’s global expansion, with a clear ambition to scale from over 480 locations to around 1,000 stores by 2028, particularly in high‑growth corridors such as the Middle East, North America, and selected emerging markets. |
| 10/2016 | GENERAL ATLANTIC / VALEDO PARTNERS | JOE & THE JUICE | DENMARK | Hospitality & Leisure | General Atlantic, a global growth‑equity firm, entered the capital of Joe & the Juice by acquiring a minority stake through a strategic growth‑equity round, joining existing shareholder Valedo Partners as a co‑investor. The transaction is designed to support the chain’s global expansion, particularly in the United States and the UK, by providing capital to open up to 150 new stores in the U.S. over the subsequent years and to strengthen its omnichannel and brand‑development capabilities. At the time of the investment, Joe & the Juice operated about 160 outlets worldwide, with most locations concentrated in Northern Europe and the UK, and a nascent but growing presence in Asia and the U.S. The group had doubled its revenue from 2012, reflecting a strong post‑Valedo LBO trajectory, and had become a visible, youth‑oriented lifestyle brand anchored in millennial consumers seeking convenient yet healthy food and beverage options. |
| 10/2013 | VALEDO PARTNERS | JOE & THE JUICE | DENMARK | Hospitality & Leisure | Valedo Partners acquired a majority stake in Joe & the Juice in 2013, with founder and CEO Kaspar Basse retaining a minority equity position and remaining in the management role. The deal is structured as a classic small‑LBO, with Valedo partnering alongside Basse and a group of key employees who also take equity stakes, thereby aligning incentives for a value‑creation phase focused on geographic expansion and brand‑building. At the time of the transaction, Joe & the Juice operated around 50 juice bars across several Northern European countries and the UK and generated roughly DKK 200 million in annual turnover, positioning it as a mid‑scale, fast‑growing lifestyle F&B concept rather than a large‑scale restaurant platform. The Swedish investor brings its typical mid‑market playbook to the company, emphasizing growth capital, operational support, and board‑level guidance through new independent directors such as Danny Feltmann Espersen and Sven Mattsson, who bring experience from H&M, Bang & Olufsen, Karmameju, and Oriflame. The strategic rationale for Valedo is to back a proven, franchise‑ready concept in a structurally growing wellness and convenience‑consumption segment, with a clear path to scaling through additional city‑centers and international markets. |
REFERENCES
Valuation range: EV 500M - 1.5b USD
Revenue range: 150M - 250M USD
EBITDA range: 25M - 50M USD
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Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Acquirer: general atlantic