Finnish private equity company Vaaka Partners is investing in the Jungle Juice Bar chain, with the intention of supporting its international expansion.
There are currently 21 Jungle Juice Bars in Finland, and the company employs over 140 people. Jungle Juice Bar will launch in Sweden later this year.
After the transaction, co-founders Noora and Petteri Fagerström will remain as significant minority owners, whilst Vaaka Partners’ private equity fund owns the majority of the company.
“Vaaka Partners’ team and their industrial advisors have already been an indispensable help in developing our growth strategy and planning our international growth,” tells Noora Fagerström.
Jungle Juice Bar won Finland’s Best Retailer award from the Nordic Council of Shopping Centers in 2016. Just recently, Noora Fagerström received the Veuve Clicquot’s New Generation award, which is granted to a successful female leader in the beginning of her career.
“Jungle Juice Bar has a concept that customers love, and which also suits shopping center operators very well,” says Ville Koskenvuo, partner at Vaaka Partners. “We see tremendous potential in the company and want to be part of supporting their international growth.”
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