Foresight Group successfully exited its investment in 200 Degrees Coffee, leading to the company's expansion from 6 to 21 locations and over 180 job creations, ultimately positioning it for future growth as part of The Nero Group.

Information on the Target

200 Degrees Coffee, founded in 2012 by Rob Darby and Tom Vincent, is a Nottingham-based specialty coffee brand known for its artisan coffee and distinctive retail shops. In 2017, the company partnered with Foresight Group, securing funding that primarily supported regional growth in Nottinghamshire. Initially operating six outlets and employing 78 staff members, the company has significantly expanded its footprint in the UK coffee market.

Under the guidance and investment of Foresight, 200 Degrees has increased its store locations from six to 21 across the Midlands, Yorkshire, and the North West, resulting in the creation of over 180 new jobs, bringing the total workforce to more than 270 at the time of exit. The company also focused on developing its wholesale operations and establishing an online marketplace for direct-to-consumer sales.

Industry Overview in the UK

The UK coffee shop market has witnessed remarkable growth in recent years, driven by a rising coffee culture and a growing consumer demand for high-quality, specialty beverages. This sector is characterized by strong competition among