Alpha Capital completes private equity exit deal

Logo of Alpha Capital

Alpha Capital announced that Alpha Food and Beverage Fund successfully exited from its investment in Coffee Taste Co., the exclusive owner of the franchise brand of “Dose Café” in Saudi Arabia.

This was achieved by selling the fund’s entire shares in the company to a strategic partner specializing in the sector, Alpha Capital said in a statement.

The private equity fund was launched in late 2018 for the purpose of achieving long-term capital growth for unitholders through direct investment in private property and food and beverage (F&B) companies.

The fund acquired the entire shares of Coffee Taste Co. at the time.

Alpha Capital said that in cooperation with the management, a plan was activated to expand the company's business and support its operations. This contributed to the acquisition of a large market share in the specialized coffee sector, in addition to the launch of several other brands within the F&B sector under the umbrella of the company.

This bought the number of branches operating to more than 30, spread across the main cities in the Kingdom.

The exit process was successful despite the unprecedented challenges experienced by the capital markets, resulting from the COVID-19 outbreak and the precautionary measures in most countries. This affected all business sectors, including F&B.

However, the investment achieved outstanding performance for the unitholders, whereby the net internal rate of return (IRR) reached 25%.

Alpha Capital is a Saudi investment company licensed by the Capital Market Authority (CMA) and is one of the leading asset management and alternative investments entities, with assets under the management amounting to more than SAR 10 billion in various asset classes.