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Well there's this Philz Coffee close to closing deal to sell to private equity firm for $145M (62 points, 12 days ago, 80 comments) https://news.ycombinator.com
by gnabgib 1y ago
Well there's this Philz Coffee close to closing deal to sell to private equity firm for $145M (62 points, 12 days ago, 80 comments) https://news.ycombinator.com/item?id=44760902 https://news.ycombinator.com/item?id=44760902
And subsequent: Philz Coffee sold to private equity firm Freeman Spogli for $145M
- gotoeleven 1y agoPhilz is I think a rare case where it started to suck before private equity bought it. Maybe Freeman Spogli was glad since it saves them the trouble.
- plorkyeran 1y agoIn this case they started to suck when they took VC money with the intent of growing a bunch.