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Espresso House is the leading chain of branded coffee bars in Sweden. Working together with an experienced management team, Palamon first purchased the Espresso House chain and then provided additional capital for the acquisition of a competing chain, Coffee Cup. The combined entity currently has more than forty units and is expecting to add between twenty and thirty new units per year. The market for branded coffee bars is developing rapidly throughout Europe with Scandinavia experiencing growth rates in excess of 25% per annum and with per capita penetration less than one-quarter of the levels of the UK, Europe’s most mature market. With its market leading position and strong food and drink concept, Espresso House is ideally positioned to benefit from continued high growth in this market.
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