Joele Frank and Abernathy MacGregor Group are brewing PR for Keurig Green Mountain's $13.9B go-private sale to Germany's JAB Holding Company.
The $92-per-share deal sees a JAB-led investor group acquiring the publicly traded, Waterbury, Vt.-based coffee and appliance marker at a nearly 80% premium.
Keurig GM dominates the single-serve coffee market estimated to top $6B. The company is relying on Joele Frank for corporate communications support in the acquisition. Vice chair Dan Katcher and president Matthew Sherman are on JF's Keurig team.
JAB, which owns controlling stakes in companies like Peet's Coffee & Tea, Coty Inc. and Jimmy Choo, said Keurig GM will continue to be run independently by its management team and employees. Abernathy MacGregor president and M&A chief Tom Johnson is advising JAB with SVP Pat Tucker.
The deal is expected to close in the first quarter of 2016, subject to regulatory and shareholder approval.
Why tracking macroeconomic, legislative and consumer confidence indicators is a beneficial habit for PR agency leaders to adopt.
For public relations agency owners planning to sell, preparation and investment across several key areas will yield the highest valuations and exit terms in 2026.
Kekst CNC represents the DallasNews Corp. as it gets acquired by Hearst Corp. for about $75M. The 140-year-old Dallas Morning News will join Hearst's 28 dailies.
