TOKYO/HONG KONG — The Longreach Group (“Longreach”) has reached an agreement with UCC Foodservice Systems Inc. (“UFS”) to purchase 100% of its subsidiary, Kohikan Corporation (“Kohikan”). The scheduled financial closing date for the transaction is 1 May 2018.
Kohikan is a full service coffee shop chain established in 1970. Kohikan is a well known and
positioned brand, operating 277 stores all over Japan under the brand of “Kohikan”, “Café di Espresso Kohikan”, “Karakuan” and “Kakura” and is the second largest full-service coffee shop chain in Japan.
Longreach considers this to be an exciting investment opportunity with a clear business
growth path in the premium coffee business in Japan, with the potential to expand into high growth Asian markets. Longreach also will accelerate Kohikan’s growth through enhancement of the stores’ format and via new store expansion.
Longreach has extensive experience in restaurant chain business, including through its ownership of Wendy’s First Kitchen.
The investment reflects a Longreach core investment focus on acquiring and adding value to high potential companies in the specialty consumer business sector.