Kirkland & Ellis advised Viet Thai International Joint Stock Company (VTI), certain owners of which will be minority investors alongside of Jollibee Foods Corporation (JFC) in a new Singapore-based holding company that will acquire 100% of The Coffee Bean & Tea Leaf® (CBTL). Certain owners of VTI have also partnered with JFC in the Superfoods Group, a business which owns and operates the Highlands Coffee and Pho 24 chains, with locations mainly in Vietnam. CBTL is a coffee and tea shop chain owned by International Coffee & Tea, LLC based in Los Angeles, California.
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The Kirkland team was led by transactional partner Leo Greenberg and associates Zach Dann, Mo Green and Micah Kantrowitz.