Lavazza acquires Onda Coffee Break

Lavazza has acquired Onda Coffee Break - the largest coffee shop chain in Bulgaria, from the private equity fund Global Finance and local smaller shareholders. Lavazza is one of the largest “espresso” coffee producers in the world and leader in the Italian market. The acquisition represents an important investment to consolidate the Group presence in Bulgaria, where espresso coffee consumption is growing rapidly. Lavazza will gradually increase the visibility of its own brand within the Onda chain, aiming at turning its coffee shops into a showcase for the authentic Italian espresso in Eastern Europe. Arietti & Partners and Entrea Capital originated the deal and assisted Lavazza throughout the acquisition process, until the closing in May 2010.