illy coffee partners with Rhône Capital to bolster international

From theinvestmentobserver.co.uk

Trieste-based illy caffè S.p.A., better-known as illy coffee, announced on Tuesday that it had sold a minority stake in the company to affiliates of Rhône Capital, a private equity firm that focuses on investing in companies with a pan-European or North American presence.illy said that it chose to partner with Rhône as it commenced its next phase of international growth, having undergoing a ‘long and rigorous’ selection process spanning more than a year.

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