Centurium Capital Partners is in advanced talks to acquire Blue Bottle Coffee from Nestlé, as the private equity firm explores expansion opportunities in the global specialty coffee market, according to Bloomberg sources.

The buyout firm, which helped engineer the turnaround of Luckin Coffee, is said to be finalising the terms of a potential agreement for the coffee brand. While negotiations are advanced, no deal has yet been confirmed.

Founded in Oakland, California in 2002, Blue Bottle Coffee has built a global footprint with outlets across the US and Asia, including China, Hong Kong, Japan, Singapore, and South Korea.

Nestlé acquired a controlling stake in the company in 2017, paying about $425m for a 68% shareholding as part of its strategy to expand in the premium coffee segment.

Centurium and Luckin have been reviewing a number of international coffee-chain targets as part of their broader growth strategy. Potential acquisition candidates have included Blue Bottle, Costa Coffee, and the operator of % Arabica stores in China.

The talks highlight continued private equity interest in global consumer brands with scalable international platforms, particularly in fast-growing coffee markets across Asia.

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