Italian Vending Company Gets €100 Investment

Kohlberg Kravis Roberts, a private equity investment firm based in the USA, has announced it will invest around €100m in Italian coffee vending machine operator Gruppo Argenta.

Gruppo Argenta provides vending services in Italy, particularly hot and cold beverages, snacks; yogurts, filled rolls; fruit salads, and croissants.

Accoroding to the FT, the investment will be made in the form of loans designed to  enable Gruppo Argenta to reduce its debt load and get cash for expansion.

Kohlberg Kravis Roberts London Special Situations director Marc Brown said: ‘The refinancing means the company will have more headroom in terms of maturities and covenants. We’ll see more of that type of transaction as banks seek to de-lever.’

(Whatever that means – Ed.)

 

About the author

The Editor

Planet Vending’s Editor is Ian Reynolds-Young and it’s Ian’s unique writing talent that has made PV what it is today – the best read (red) vending blog in the world, and vending’s best read (reed). Ian ‘tripped and fell into vending’, in the capacity of PR executive, before launching a specialist agency, ‘reynoldscopy’, dedicated to the UK Vending business. The company continues to represent the interests of many of the sector’s leading brands.

‘It’s all about telling stories’, he says. ‘We want to make every visit to PV a rewarding experience. By celebrating the achievements of the UK’s operating companies, we’re on a mission to debunk the idea that vending is retailing’s poor relation.’

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