Fort Capital is pleased to announce that AeroPress, Inc. (“AeroPress”) has entered into senior credit facilities with JP Morgan. Proceeds are primarily to support the acquisition of AeroPress by Tiny Capital Ltd. (“Tiny”), as well as for working capital to finance operations. The AeroPress coffee maker has enjoyed rave reviews and a passionate following from coffee lovers globally since its debut in 2005 and is popular in over 80 countries. Millions are in use worldwide.
“The worldwide embrace of the AeroPress has been an inventor’s dream,” said Alan Adler, founder of AeroPress, “This partnership with Andrew, Chris and the team at Tiny will help us create new coffee products. Our culture of quality and performance will remain at the heart of our pursuit to provide the most delicious coffee to coffee fans around the world.”
“We are thrilled to join Alan, the AeroPress team, and the amazing AeroPress fans,” said Andrew Wilkinson, Co-Founder of Tiny. “We’re committed to maintaining the brand’s quality that has won so many coffee lovers around the world and look forward to becoming part of this community. Wilkinson continued, “I’ve been a daily user of the AeroPress for a long time, and one morning I looked down at it and said ‘I wonder who owns this’. My partner Chris and I sent Alan an email, flew down to see him, and have been begging him to let us invest ever since. We’re thrilled to be able to bring marketing to help put AeroPresses in homes, offices, and backpacks all over the world. It’s an incredible business.”
The existing AeroPress team will continue to work at headquarters in Palo Alto, California and manufacturing will continue at the same factory in the San Francisco Bay Area as it has for decades.
Fort Capital Partners acted as Credit Advisor to Aeropress and Tiny on securing the credit facilities.