The Cynosure Group Purchases Black Rock Coffee Bar and Extinguishes Founders' Margin Loan
May 18, 2026
Black Rock Coffee Bar announced that entities and trusts affiliated with its founders consummated a transaction in which The Cynosure Group, LLC purchased all equity interests in Black Rock Coffee Bar and Black Rock Coffee Holdings, LLC that were pledged as collateral for the founders’ IPO-related margin loan. The margin loan was fully repaid and extinguished, and Cynosure acquired approximately 13.6 million shares of Black Rock Coffee Bar common stock. Founders Daniel Brand and Jeff Hernandez remain active board members and meaningful shareholders after the transaction.
- Buyers
- The Cynosure Group, LLC
- Targets
- Black Rock Coffee Bar, Inc., Black Rock Coffee Holdings, LLC
- Sellers
- Entities and trusts affiliated with Black Rock Coffee Bar founders (Daniel Brand and Jeff Hernandez)
- Industry
- Consumer Products
- Location
- Oregon, United States
- Transaction Type
- Buyout
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