Jollibee buys Korean coffee brand Compose Coffee for $340m

It will own a 70% stake in the coffee brand.

Jollibee Foods Corporation has announced that its wholly-owned subsidiary, Jollibee Worldwide Pte. Ltd has acquired a 70% stake in the owner of Korean coffee brand Compose Coffee for $350m.

The remaining shareholdings shall be held by Titan Dining II LP (Titan Fund II) and Elevation Equity Partners Korea Limited (Elevation) with effective shareholdings of 5% and 25%, respectively.

Elevation is a private equity firm focusing on mid-market buyouts and growth capital opportunities in the consumer space in Korea and the rest of Asia whilst Titan Fund II is focused on strategic investments in food and beverage concepts.

Compose Coffee ranks 1st in the industry for having the highest growth rate in the number of franchised stores and in terms of brand satisfaction among Korean coffee brands. Its 2,470, 100% franchised stores are fully supported by Compose Coffee’s largest in-house coffee roasting plant in Korea, enabling the provision and distribution of high-quality, specialty beans at low cost.

This acquisition is aligned with JFC’s commitment to the Coffee and Tea Segment and franchising initiatives. This strategic, rapid growth, financially lucrative investment serves as JFC’s gateway in unlocking the fast-growing international value coffee market in South Korea.

Compose Coffee and its roasting facility JMCF Co. Ltd. were founded in Busan in 2014. It is one of South Korea’s leading coffee franchises in the fast-growing value coffee segment with 2,600+ stores in the country as of June 2024.

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