5 to go’s first investor exits business after delivering growth goal

Bucharest-based Mozaik Investments acquired a 35% stake in the Romanian coffee chain in 2019, and is now leaving its next phase of growth in the hands of new backers

When Mozaik Investments acquired a 35% stake in Romania’s 5 to go in December 2019, it outlined a goal to make it one of Europe’s top 10 largest coffee chains.

At the time of the acquisition, which represented 5 to go’s maiden external investment, the value-focused operator had nearly 150 domestic stores, primarily in Bucharest.