18 03 2016

JAB Holding to acquire Keurig Green Mountain for $13.9 billion

Stibbe advises Netherlands based, JAB Holding Co. JDE, holding company Acorn Holdings and co-investor Quadrant Capital on the USD 13.9 billion equity funding of the acquisition of Keurig Green Mountain, the U.S. listed pioneer of single-serve pods.


JAB is acquiring Keurig Green Mountain in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts B.V.,, including Mondelez International and entities affiliated with BDT Capital Partners. At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company’s management team and employees. The transaction is not subject to a financing condition and is expected to close during the first calendar quarter of 2016, subject to customary closing conditions, including receipt of regulatory approvals. The transaction requires the affirmative vote of holders of a majority of Keurig Green Mountain’s outstanding shares entitled to vote thereon. BofA Merrill Lynch and Credit Suisse provided fairness opinions to Keurig Green Mountain. JAB Holding Company is a privately held group focused on long-term investments in companies with premium brands, attractive growth and strong margin dynamics in the Consumer Goods category. The group's portfolio includes a controlling stake in Jacobs Douwe Egberts (JDE), the largest pure-play FMCG coffee company in the world, a controlling stake in Coty Inc., a global leader in beauty, and controlling stakes in luxury goods companies including Jimmy Choo, Bally and Belstaff. JAB also has controlling stakes in Peet's Coffee & Tea, a premier specialty coffee and tea company, Caribou Coffee Company, a specialty retailer of high-quality premium coffee products, Einstein Noah Restaurant Group, Inc., a leading company in the quick-casual segment of the restaurant industry, Espresso House, the largest branded coffee shop chain in Scandinavia, and Baresso Coffee A/S, the first and largest branded coffee shop chain in Denmark. Stibbe advised JAB Holding on the deal with a team led by partners Michael Molenaars, Paul Quist (picture) and Duco de Boer, alongside counsels Sjoerd Buijn and Reinout de Boer and senior associate Dennis Mollema. Involved fees earner: Paul Quist - Stibbe; Duco de Boer - Stibbe; Sjoerd Buijn - Stibbe; Dennis Mollema - Stibbe; Michael Molenaars - Stibbe; Reinout de Boer - Stibbe;

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