Stellar is pleased to announce a new joint venture with easyCoffee, the UK’s only value coffee chain and part of the ‘easy’ family of brands that includes easyJet.
The planned £10m investment from Stellar will allow easyCoffee to roll out 800 vending machines nationally in the next year. It has grown rapidly since it launched in 2016 and recently installed its 50th vending machine in the market and served its millionth cup of coffee.
This substantial capital injection more than triples the amount secured by easyCoffee in earlier capital raising rounds, which resulted in £3 million of investments in the company.
easyCoffee will be available to investors through Stellar’s ESP Growth Portfolio Service. ESP Growth is a discretionary managed portfolio investing in a diversified range of qualifying business activities.
All these activities are underpinned by physical assets, to lower investment risk, and qualify for Business Relief, which provides investors with 100% relief from inheritance tax after two years. The service is managed with the objective of providing capital preservation and growth, with a net target return of 5% per annum.
Jonathan Gain, Chief Executive at Stellar, said: “Stellar is delighted with this deal, we are committed to offering our investors maximum investment diversification and easyCoffee will sit alongside our other qualifying business activities including: commercial forestry and farming; residential and commercial development; renewable energy; and managing and operating hotels. We are looking forward to working with Nathan and the team and the exciting growth opportunities in this market.”
easyCoffee CEO, Nathan Lowry, commented: “We are excited to now move forward with our ambitious growth plans, thanks to this significant investment by Stellar Asset Management.”
He added: “Vending is a highly profitable business driven by brand recognition. This investment is an endorsement that the easyCoffee brand, like its sister brand easyJet, stands for a quality product and service at a value price.”