US-based JAB Beech, a member of The Joh A Benckiser Group, has completed the acquisition of US-based Caribou Coffee Company for $340m.
With this acquisition, Caribou has become the wholly-owned subsidiary of Joh and the common stock of Caribou has stopped trading on the NASDAQ Global Select Market.
Chicago-based merchant bank BDT Capital Partners is a minority investor in this deal alongside Joh.
Besides investment, BDT also served as a financial co-advisor. Morgan Stanley & Co and Skadden, Arps, Slate, Meagher & Flom acted as legal advisor to the Benckiser Group.
On behalf of Caribou, Moelis & Co acted as financial advisor, and Briggs and Morgan served as the legal advisor.
The Joh. A Benckiser Group's portfolio includes a majority stake in Coty, a majority stake in Peet's Coffee & Tea, a minority stake in Reckitt Benckiser Group, and a minority investment in D.E Master Blenders 1753 N.V.
