Daltys

Sector: Consumer

A leading provider of vending and coffee machines

Business Overview

  • Founded in 1980, Daltys is a leading provider of vending and coffee machines
  • The company has grown organically and through acquisitions to build an established position across all distribution channels
  • Longstanding contracts in place with over 20,000 customers, typically within the corporate, healthcare and hospitality sectors
  • Operates a chain of coffee shops and an e-commerce website

Investment Thesis

  • Proven expertise across the three key distribution channels: vending machines, coffee machines and coffee shops
  • Positive underlying market fundamentals with growing demand for coffee distribution
  • High barriers to entry with limited substitute services available to replace vending machines in locations such as national travel networks, forecourts and hospitals
  • Resilient business model with good visibility of revenues due to five year contracts and high renewal rates

Origination

  • Originated through a strong relationship with the sponsor, 21 Centrale Partners
  • Represents the third transaction PDM have completed with the sponsor
  • PCS2 and PCS3 acted as sole lenders to the company
  • Primary transaction

http://www.daltys.com/