JAB Holding Co., which manages investments for Europe's secretive Reimann family, has agreed to acquire Krispy Kreme Doughnuts Inc. through its JAB Beech subsidiary. Bryan Trott's BDT Capital Partners is a minority investor in JAB Beech. The deal is worth $1.35 billion, or $21 a share. After the transaction closes, Krispy Kreme will be privately owned,
a Bloomberg article said.
The Bloomberg report noted that over the past four years, JAB has spent about $30 billion to acquire controlling stakes in Jacobs Douwe Egberts, Peet's Coffee & Tea, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House and Baresso Coffee.
In March, JAB closed a $13.9 billion deal to take Keurig Green Mountain private, the Bloomberg article said.
JAB has also invested in consumer-goods companies such as fragrance maker Coty Inc. and Reckitt Benckiser Group Plc, which makes Durex condoms, the Bloomberg report said.
Wolfgang, Stefan, Renate and Matthias Reimann each have a net worth of $3.3 billion, according to Bloomberg. A fifth sibling, Andrea Reimann-Ciardelli, sold her stake in JAB in 2003 and has a net worth of $1.2 billion, the article said. (Source: Bloomberg, May 9, 2016.)
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