Jeffer Mangels Butler & Mitchell LLP (JMBM), one of California’s foremost full-service law firms, is pleased to announce that its Corporate Finance and Mergers & Acquisitions Group represented City National Bank, as agent and lender for a syndicated senior revolving facility to International Coffee & Tea, LLC (dba The Coffee Bean & Tea Leaf) in connection with The Coffee Bean & Tea Leaf’s sale to Advent International, CDIB Capital and other private equity firms.
The transaction closed on September 12, 2013 and financial terms of the agreement were not disclosed. The JMBM legal team was led by Joel J. Berman.
About City National Bank
City National Bank is the wholly owned subsidiary of City National Corporation. It is backed by $27.4 billion in total assets, and provides banking, investment and trust services through 78 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. The company and its investment affiliates manage or administer $59.1 billion in client investment assets, including $40.6 billion under direct management. For more information, visit cnb.com.
About The Coffee Bean and Tea Leaf
Born and brewed in Southern California since 1963, The Coffee Bean & Tea Leaf® is the oldest and largest privately-held specialty coffee and tea retailer in the United States. For more information, visit coffeebean.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents capital providers, buyers, and sellers in a wide variety of mergers, acquisitions, divestitures and financings. The Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal, using the firm’s full resources for everything from intellectual property issues to tax-efficient deal structures. For more information, visit JMBM.com.