Advent International and CDIB Capital in partnership with Mirae Asset Private Equity and the Sassoon family have acquired a major equity position in International Coffee & Tea LLC. International Coffee and Tea owns and operates The Coffee Bean & Tea Leaf, the oldest and largest privately-held premium coffee and tea retailer in the U.S. with more than 900 stores across 15 U.S. states and 30 countries. The deal was completed on September 12th and the financial terms have not been disclosed.
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