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Philz Coffee to be acquired by private equity firm for $145m

Los Angeles-based Freeman Spogli & Co. has agreed to purchase the 77-store coffee chain, which supplied some of Silicon Valley’s most notable brands and attracted $75m during its heyday

Photo credit: Jason Leung

Los Angeles-based Freeman Spogli & Co. has agreed to purchase the 77-store coffee chain, which gained notoriety for supplying some of Silicon Valley’s most notable firms, including Google, LinkedIn and Twitter

Philz Coffee is set to be sold to Los Angeles-based private equity firm Freeman Spogli & Co. for $145m.

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