JAB Holdings aims to raise as much as $8 billion

JAB Holdings, the investment company behind brands such as drinks company Keurig Dr Pepper and sandwich chain Pret A Manger, aims to raise as much as $8 billion 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, has begun contacting investors, including family offices, university endowments and sovereign wealth funds, about its latest fundraising… The cash will go into the JAB Consumer Fund, which was founded in 2014 to invest alongside the holding company, adding firepower to the family’s money… The fresh infusion would be used to expand JAB’s presence in pet care and veterinary clinics… The market is the latest focus of JAB’s consolidation efforts in the consumer sector, where it has deployed more than $50 billion to buy businesses in coffee, beverages, cosmetics and quick-service restaurants in the past decade. Already this year, JAB has bought Compassion-First Pet Hospitals for $1.2 billion and a majority stake in National Veterinary Associates in a deal valuing the business at around $3.5 billion… Created to deploy the Reimanns’ wealth, JAB has been expanding rapidly since 2014 when it began raising money from outside investors. 

Arash Massoudi, Leila Abboud and Javier Espinoza