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Germany’s JAB Holding seeks new funds to expand its coffee empire

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MILAN – JAB Holding Company, the investment company that runs the biggest pure-play coffee company in the world, plans further acquisitions and is seeking funds from investors, a German paper reports.

“Our transactions are getting bigger and we need more money,” JAB partner and chairman Bart Becht said in an interview with German daily Handelsblatt published on Tuesday.

Becht said that the focus would be on coffee and cosmetics.

JAB Holding Company is the German privately held conglomerate, headquartered in Luxembourg, which invests the assets of Germany’s Reimann family. The company has spent more than USD30 billion over five years on assembling caffeine assets.

JAB’s portfolio includes a majority stake in Jacobs Douwe Egberts (JDE), the world’s biggest pure-play coffee company, as well as a majority stake in Peet’s Coffee & Tea, Caribou Coffee Company, Einstein Noah Restaurant Group, and Jimmy Choo Ltd.

JAB also owns Espresso House and Baresso Coffee A/S.

In March 2016, JAB and other investors acquired Keurig Green Mountain for USD13.9 billion. In May 2016, JAB-controlled JAB Beech reached an agreement to acquire US doughnut shop operator, Krispy Kreme, for USD1.35 billion.

On 5 April 2017, JAB reached an agreement to buy U.S.-based Panera Bread, a fast casual bakery-café chain, for USD7.5 billion.

Jacobs Douwe Egberts said last month it had made a bid to buy the Malaysian halal coffee chain OldTown in an offer that values the 18-year old group at USD361 million.