Caribou Coffee Company is the second-largest U.S. operator of coffee gathering places. Caribou has expanded to more than 500 locations, including 200 franchised locations, in 18 states, the District of Columbia and 10 international markets.
Northwood participated in Caribou’s first two institutional rounds of financing, beginning in 1995, and sold its position for cash in 2000 to another private equity firm. Caribou subsequently completed a $68 million IPO in 2005 (NASDAQ: CBOU). In 2013, Caribou was taken private by an investment firm. cariboucoffee.com