Philz Coffee sold to private equity firm

Philz Coffee sold to private equity firm

Though terms of the deal were not disclosed by the company, San Francisco-based news outlets have reported a sale price of $145 million for the popular chain.

Philz Coffee acquired by Freeman Spogli investment firm

CEO Mahesh Sadarangani will continue to lead the specialty coffee brand

Philz Coffee’s $145M Sale Leaves Some Employee Shareholders Empty-Handed

Freeman Spogli & Co. nears $145M deal for Philz Coffee; common stock held by some employees would be canceled, making shares worthless. The post Philz Coffee’s $145M Sale Leaves Some Employee Shareholders Empty-Handed appeared first on Fresh Cup.