JAB to buy Singaporean coffee maker

European private investment firm JAB Holdings has continued its aggressive expansion in the global beverage industry with a move to purchase Singaporean instant food and beverage maker, Super Group, for US$1.45 billion. JAB is the owner of Jacobs Douwe Egberts (JDE), which has launched the bid with the aim of delisting and privatizing the firm. JDE is offering US$0.94 in cash for each Super share, representing a 62.5 per cent premium over the stock’s value. JAB Holdings has built up a formidable portfolio of coffee brands in recent years, beginning with the purchase of Douwe Egberts Master Blenders in 2013, followed by a merger with Mondelez International in 2015. Later in 2015, JAB acquired US coffee maker Keurig Green Mountain for US$13.9 billion. JAB Holding Company is a privately held investment firm based in Luxembourg that manages the fortune of Germany’s Reimann family. Its portfolio includes a controlling stake of JDE, Peet’s Coffee & Tea, which brought Stumptown Coffee Roasters and Intelligentsia in 2015, Caribou Coffee, Einstein Noah Restaurant Group, Espresso House and Baresso Coffee.

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