General Atlantic to Buy Majority Stake in Joe & the Juice (1)

General Atlantic has reached a deal to acquire control of Joe & the Juice, the high street chain that sells smoothies and sandwiches to young professionals and hipsters.

The US private equity group, already a minority shareholder, agreed to buy the stake held by Swedish firm Valedo Partners, which is exiting its investment, General Atlantic said in a statement Monday. Financial details weren’t disclosed.

Joe & the Juice is set to be valued in the transaction at about $600 million, including debt, according to people familiar with the matter. General Atlantic’s stake will increase from 30% to 80% to ...