The original Philz Coffee location on 24th and Folsom streets on August 2, 2023. Photo by Yujie Zhou. Los Angeles-based private equity firm Freeman Spogli & Co. is in the process of buying Philz Coffee for $145 million, according to documents shared with stockholders and obtained by Mission Local. Philz board members, which include former CEO Phil Jaber and his son, Jacob Jaber; representatives from investment firms Summit Partners and TPG Growth; and CEO Mahesh Sadarangani will receive payouts ...