Serbia’s speciality coffee chain Kafeterija has agreed to buy local competitor Loft, marking its first takeover as it targets growth beyond its home market.
The move was announced by Bulgarian private equity company BlackPeak Capital, a shareholder in Kafeterija, via a LinkedIn post.
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Financial details of the transaction were not divulged in the post.
Loft operates at nine locations, all of them in Novi Sad, Serbia’s second-largest city.
In the post, BlackPeak Capital said: “This transaction marks an important step in Kafeterija’s regional expansion strategy. With over 60 locations across Serbia and Montenegro, Kafeterija is establishing itself as the region’s leading speciality coffee platform.”
“We are supporting Kafeterija’s management team in executing both organic growth and targeted acquisitions across Southeast Europe. The company is actively evaluating similar formats in neighbouring markets.
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By GlobalData“We are proud to back Kafeterija as it builds Southeast Europe’s leading speciality coffee brand.”
Belgrade-headquartered Kafeterija was established in 2013 by Zoran Stanojevic and Marko Vukomanovic, according to a report by SeeNews.
Its annual financial statement showed that in 2024 it generated revenue of RSD2.1bn ($21m) and a net profit of RSD46.5m, compared with revenue of RSD1.7bn and net profit of RSD70m a year earlier.
Cyprus-based Kining Holdings Limited holds 83.05% in Kafeterija, with BlackPeak Capital owning the remaining shareholding, following its investment in April 2025.
At that time, Stanojevic said the group aims to reach 150 outlets across Bulgaria, Romania and Hungary, and deliver €70m ($81m) in yearly sales within the next five years.
