JAB Holding to raise £8bn from investors

The investment company behind Keurig Dr Pepper, sandwich chain Pret A Manger,  Krispy Kreme Doughnuts,  JAB Holdings, Caribou and Peet’s coffee, Einstein Bros Bagels who are aiming to  raise as much as  £6.5bn ($8bn) from investors to further its multi-year acquisition spree in the consumer sector.

The company which manages the fortune of Germany’s billionaire Reimann family, is in touch with investors, including family offices, university endowments and sovereign wealth funds, about its latest fundraising the JAB Consumer Fund which was founded in 2014  and used to expand its presence in pet care and veterinary clinics.  JAB had deployed over $50bn to buy businesses in coffee beverages, cosmetics and fast food restaurants in the past decade.

JAB already owns Compassion First Pet Hospitals for $1.2bn and majority stake in National Veterinary Associates in deal valuing  around $3.5bn.

JAB has been expanding rapidly since 2014, when it started raising money from outside investors although Peter Harf then Managing partner, who has been a confidant of the Reimanns for decades, decided more firepower was needed as JAB sought to diversify and expand into the coffee business. Mr Hat brought two partners, Mr Becht the former CEO of Reckitt Benckiser and Oliver Goudet, an experienced executive from Mars. Since then JAB fund raised $11.4bn in funding rounds from outside investors including Singapore’s Sovereign funds GIC and Temasek, the Hweletts and the Packards. JAB recently recruited Kamenetzky, a former executive of Anheuser-Busch InBev, to serve as chairman.

Peter Harf’s estimated net worth of $288m as of May2019, made over 19 trades of Keurig Dr Pepper Stock since 2005, and brought 959, 760 units of Keurig Dr Pepper of KDP stock worth $12.4m stock now worth over $284m