Turn Capital Acquires Flash Coffee's Business In Thailand

Turn Capital, a Singapore-based venture capital firm, has acquired the business of Flash Coffee in Thailand. The sale price for the acquisition has not been disclosed. As part of the deal, Turn Capital plans to open more than 100 new stores in Thailand within the next two years, expanding Flash Coffee's total locations in the country to over 200. Founded in 2020, Flash Coffee operates across Asia, including Indonesia, Thailand, Hong Kong, and South Korea.

Summary of transaction details

• Property Type: Business
• Transaction Amount: Not disclosed
• Buyer: Turn Capital
• Seller: Flash Coffee

Turn Capital, with a focus on consumer, media, technology, and telecom investments in Asia, expressed excitement about playing a significant role in Flash Coffee's growth phase. Vincent Hosman, Managing Director of Flash Coffee Thailand, anticipates that Turn Capital's operational expertise will enhance expansion efforts and support the opening of new stores. The acquisition aims to spread Flash Coffee's commitment to quality coffee at unbeatable prices throughout Thailand.