Joe & the Juice gets new majority owner after private equity giant swoops

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City AM

By Laura McGuire General Atlantic has reached an agreement to buy a majority stake in Joe & the Juice, the trendy sandwich and smoothie chain. The US private equity firm, which has been a minority stakeholder since 2016, bought the stake held by Swedish private equity firmValedo Partners, who will now no longer have an investment in the cafe chain. The deal will see General Atlantic pump funds into the pricey pink coffee chain to help with its growth in international markets, particularly in the US and also reduce its debt pile. Melis Kahya Akar, managing director and head of consumer for EMEA…

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