KUALA LUMPUR: Tech-enabled coffee chain ZUS Coffee has secured RM250mil in investment from a consortium comprising KV Asia Capital, Retirement Fund Inc or KWAP and Kapal Api Group.
Ernst & Young Malaysia acted as the mergers and acquisitions adviser for the transaction.
In a statement, ZUS Coffee said the new partnership and investment heralded a new chapter and serve as a springboard for the company’s growth.
The brand, which operates 600 stores regionally, continues to expand its portfolio in Malaysia.
Leveraging its strong brand equity and loyal customer base, ZUS Coffee is focused on becoming an international brand. Currently, It operates 50 stores in the Philippines.
New markets are on the horizon – Singapore and Brunei will be the next two markets for ZUS Coffee. — Bernama
