BWK INVESTMENT IN COFFEE FELLOWS TO FINANCE GROWTH
In order to finance growth, BWK has invested in the coffee shop chain Coffee Fellows and is a minority shareholder with an investment of 22%. Coffee Fellows GmbH has its headquarters in Grünwald near Munich and is therefore one of the largest coffee shop chains in Germany. Since it was founded in 1999 by Kathrin Tewes and Dr Stefan Tewes, the company has been pursuing a sustainable growth strategy and is now represented with around 400 employees and over 80 shops in Germany, Austria and Switzerland. The coffee shops sell various specialist types of coffee and fresh bagels and can be found in attractive positions on shopping streets, airports, train stations and service stations. Coffee Fellows has found a long-term partner for continued common growth plans in BWK GmbH holding company, one of the oldest capital investment companies in Germany. Thanks to BWK’s support, the number of coffee shops will be further expanded, meaning that turnover and income growth will be increased.
Sancovia initiated the transaction and advised the buyer throughout the entire process.