Core Insights - Bain Capital's Special Situations division has made an initial bid for Costa Coffee, a café chain owned by The Coca-Cola Company [1][2] - Costa Coffee was founded in London in 1971 by brothers Bruno and Sergio Costa and has grown to have a significant global presence [3][6] - The café chain has faced financial challenges due to the Covid-19 pandemic, reporting an annual loss of £13.8 million and revenues of £1.2 billion in 2023 [4][8] Bain Capital's Interest - Bain Capital's Special Situations unit has previously invested in other food and beverage establishments, indicating a strategic interest in the sector [2][5] - TDR Capital has also shown interest in acquiring Costa Coffee, suggesting competitive bidding for the café chain [2] Costa Coffee's Operations - Costa Coffee operates over 2,700 stores in the UK and Ireland and has expanded to more than 1,300 locations in other global markets [3] - The chain was acquired by The Coca-Cola Company in 2018 for approximately £3.9 billion, equivalent to about US$5.1 billion at that time [1]