Dome expansion brewing
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Tuesday, 2 May, 2000 - 22:00
PERTH based Dome Coffee Group has secured GS Private Equity as a new equity partner to help fund a major eastern seaboard expansion program.
GS Private Equity has committed to invest up to $10 million in the Dome Group and has secured with National Australia Bank to raise the investment into a $18.5 million deal.
Dome Coffee Group managing
director Patria Jafferies said the successful conclusion of the capital-raising venture marked the biggest milestone thus far for the group.
“The financial support from GS Private Equity reinforces our leadership position,” Ms Jafferies said.
“We plan to take Dome to the next level with an Initial Public Offer anticipated within about three years,” she said.
Dome chairman John Groppoli said the additional equity would help the group to expand across Australia.
“We have enjoyed a decade of exceptional growth and established a very strong global brand.
“This injection of funds will allow us to grow in the major population centres on the east coast,” he said.
GS Private Equity managing director Andrew Rothery said the investment in Dome represented an excellent opportunity to participate in an expansion program that offered substantial long term rewards.
Dome Coffee Group commenced in in Cottesloe, opening its first outlet in 1990.
The group now includes two roasting facilities supplying over 250 outlets in Australia, Malaysia, the United Arab Emirates, Philippines and Singapore, including nineteen in Perth.
GS Private Equity has committed to invest up to $10 million in the Dome Group and has secured with National Australia Bank to raise the investment into a $18.5 million deal.
Dome Coffee Group managing
director Patria Jafferies said the successful conclusion of the capital-raising venture marked the biggest milestone thus far for the group.
“The financial support from GS Private Equity reinforces our leadership position,” Ms Jafferies said.
“We plan to take Dome to the next level with an Initial Public Offer anticipated within about three years,” she said.
Dome chairman John Groppoli said the additional equity would help the group to expand across Australia.
“We have enjoyed a decade of exceptional growth and established a very strong global brand.
“This injection of funds will allow us to grow in the major population centres on the east coast,” he said.
GS Private Equity managing director Andrew Rothery said the investment in Dome represented an excellent opportunity to participate in an expansion program that offered substantial long term rewards.
Dome Coffee Group commenced in in Cottesloe, opening its first outlet in 1990.
The group now includes two roasting facilities supplying over 250 outlets in Australia, Malaysia, the United Arab Emirates, Philippines and Singapore, including nineteen in Perth.