Luckin Coffee Backer Centurium Is Said to Be in Advanced Talks for Blue Bottle

Centurium Capital Partners is in advanced talks to acquire Nestle SA’s Blue Bottle Coffee, according to people familiar with the situation.

The buyout firm, which helped turn around Chinese market leader Luckin Coffee Inc., is putting the final touches on a deal for the coffee roaster and retailer, the people said, asking not to be identified discussing private information.