EasyCoffee is raising fresh equity and debt to help fund its ambitious plan to open 200 shops over the next three years. The value coffee shop chain has just raised £2m of equity from private equity firm Jaguar Alternatives, having secured initial funding from Saudi investment group Al Dhowayan. It has also appointed Voltaire Financial to help source additional equity and £20m to £25m of debt. So far, easyCoffee has opened a flagship store in Leicester Square; an outlet in Covent Garden, which is used for training and product development; and various stores in regional towns including Hastings, Blackburn and Edinburgh. It is on track to open 10 new stores by the end of the year and has longer-term plans to open 200 stores operated mainly by franchise partners in three years.
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