M&A Deal Summary

JAB Holding Company Acquires Panera Bread

On April 5, 2017, private equity firm JAB Holding Company acquired restaurant Panera Bread for 7.5B USD

Acquisition Highlights
  • This is JAB Holding Company’s 4th transaction in the Restaurants sector.
  • This is JAB Holding Company’s 2nd largest (disclosed) transaction.
  • This is JAB Holding Company’s 4th transaction in the United States.
  • This is JAB Holding Company’s 1st transaction in Missouri.

M&A Deal Summary

Date 2017-04-05
Target Panera Bread
Sector Restaurants
Buyer(s) JAB Holding Company
Deal Type Going Private
Deal Value 7.5B USD
Advisor(s) Morgan Stanley (Financial)
Sullivan & Cromwell (Legal)

Target

Panera Bread

St. Louis, Missouri, United States
website
Panera Bread's corporate headquarters in St. Louis, Missouri.
Panera Bread's corporate headquarters in St. Louis, Missouri.
Panera Bread is a national bakery-cafe concept with company-owned and franchise-operated bakery-cafe locations across the US and Canada. The Company's bakery-cafes are located in urban, suburban, strip mall, and regional mall locations and feature high-quality food in a warm, inviting, and comfortable environment. Panera Bread operates in three business segments: company bakery-cafe operations, franchise operations, and fresh dough and other product operations. Panera Bread was formed in 1988 and is based in St. Louis, Missouri.

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Buyer(S) 1

DESCRIPTION

JAB Holding Company is a global investment firm focused on acquiring companies with premium consumer and strong growth prospects. JAB will consider both minority and majority stakes. JAB Holding Company is headquartered in Luxembourg.


DEAL STATS #
Overall 5 of 13
Sector (Restaurants) 4 of 4
Type (Going Private) 3 of 3
State (Missouri) 1 of 1
Country (United States) 4 of 9
Year (2017) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-09 Krispy Kreme

Charlotte, North Carolina, United States

Krispy Kreme is a branded specialty retailer and wholesaler of premium quality sweet treats and complementary products, including its signature Original Glazed® doughnut. Krispy Kreme was formed in 1937 and is based in Charlotte, North Carolina.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-29 Pret A Manger

London, United Kingdom

Pret A Manger is a UK retailer of high quality, natural, ready-to-eat sandwiches, salads and drinks. Pret’s sandwiches, salads and wraps are freshly made each day in shop kitchens using quality ingredients. The food doesn’t have a ‘sell‐by’ date; Pret offers unsold food to charity at the end of the day, including 3.4 million food items in 2017. Pret currently has 530 shops; 381 in the UK, 92 in the US, 26 in Hong Kong, 24 in France, 2 in China, 2 in Dubai, 2 in Denmark, 1 in Singapore and 1 in the Netherlands. Pret’s fresh, healthy menu serves more than 300,000 customers every day.

Buy -