Serbian coffee chain Kafeterija acquires local rival Loft

Group 1 - Kafeterija, a Serbian speciality coffee chain, has acquired local competitor Loft, marking its first takeover as part of its growth strategy beyond Serbia [1][2] - The acquisition is supported by BlackPeak Capital, which emphasizes Kafeterija's regional expansion strategy and its goal to establish itself as the leading speciality coffee platform in Southeast Europe [2][4] - Kafeterija currently operates over 60 locations across Serbia and Montenegro and is exploring further acquisitions in neighboring markets [2][3] Group 2 - Kafeterija was founded in 2013 and reported revenue of RSD2.1 billion ($21 million) and a net profit of RSD46.5 million in 2024, showing growth from RSD1.7 billion in revenue the previous year [3] - The majority stake in Kafeterija is held by Cyprus-based Kining Holdings Limited (83.05%), with BlackPeak Capital owning the remaining shares [4] - The company aims to expand to 150 outlets across Bulgaria, Romania, and Hungary, targeting annual sales of €70 million ($81 million) within the next five years [4]