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Abernathy MacGregor is handling JAB Holding Co.'s $2B acquisition of Pret A Manger, the London-based sandwich shop chain, from Bridgepoint private equity firm.
Germany's JAB has controlling stakes in Jacobs Douwe Egberts, the world's No. 1 coffee company; Keurig Green Mountain/Dr Pepper Snapple; Peet's Coffee & Tea, Panera Bread, Caribou Coffee and Krispy Kreme Doughnuts.
Pret, which sells freshly prepared sandwiches, salads and wraps, via 530 locations in the UK, US, France and China generated $1.2B in sales last year.
CEO Clive Schlee called the JAB announcement a "day of celebration at Pret," recognizing the hard work of its teams throughout the world. Each of Pret's 12K employees will receive a bonus of about $1,200 when the JAB takeover closes during the summer.
The Financial Times reports the Pret deal bolsters deal-hungry JAB's challenge to Nestle in the global coffee-related market.
Abernathy MacGregor's Tom Johnson and Pat Tucker handle JAB Holding.
France's Havas owns Abernathy MacGregor.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
