Budget Coffee Chain Cofix May Change Owners
Russian coffee chain Cofix nears $15M sale to Boomerang Capital
Russian coffee chain Cofix is in talks over a potential change of ownership, with private equity fund Boomerang Capital emerging as the most likely buyer. The deal could be valued between 1.25 and 1.4 billion rubles ($13.5–15 million).
Negotiations for the sale of Cofix's Russian division are ongoing. Both the company and Boomerang Capital have declined to comment. According to an estimate by the head of M&A at BGP Capital, the asset's potential valuation falls within the stated range.
Founded in 2024 by Vagon Gasparyan, Boomerang Capital has previously invested in retail and foodservice projects, including the expansion of Selgros cash-and-carry stores, supplier Global Foods, salad producer Provence, and a frozen pizza manufacturer.
Originally launched in Israel in 2013, Cofix has since made Russia its primary market, where it operates around 290 locations—many of them franchised. In 2025, the chain's Russian legal entity reported revenue of 3.01 billion rubles ($32.5 million) and net profit of 68.1 million rubles ($735,000).
Industry experts note that Russia's branded coffee shop market remains highly competitive, with the combined share of the largest operators not exceeding 20%. The leaders by number of outlets include Coffee Like, One Price Coffee, and Surf Coffee.
Market players suggest that investor interest may stem from potential asset consolidation and optimized procurement and logistics. However, the sector faces pressure from rising coffee production costs and declining foot traffic. Over the past year, green coffee prices have surged by 25–30%, while café visits have dropped by roughly 20%.
Data from Platforma OFD, a fiscal data operator, shows that Russians consume an average of 10.3 million liters of coffee in cafés each month—equivalent to about 696,000 cups daily, or 0.45 cups per urban adult per month. In September–October 2025, the average café bill reached 463 rubles ($5), up 17% year-on-year, while the price of a single cup climbed to 213 rubles ($2.30).
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