JAB BevCo, a subsidiary of JAB Holding Company, announced that it has sold its remaining ownership stake in Keurig Dr Pepper, consisting of approximately 59.1 million shares, representing about 4.3% of the beverage company’s outstanding common stock.
The shares were sold through an unregistered block trade executed by J.P. Morgan Securities. Financial terms of the transaction were not disclosed.
With the divestiture, JAB has fully exited its investment in Keurig Dr Pepper. Despite the sale, the investment firm said it remains committed to its consumer-focused investment platform and plans to continue deploying long-term capital into resilient businesses capable of generating durable value.
JAB said it has strengthened its team through recent senior leadership appointments and will continue focusing on building and supporting consumer businesses across its portfolio.
With more than $70 billion in assets under management, JAB invests in consumer and life insurance businesses. The firm is the controlling shareholder of Coty and, together with JAB Consumer Partners, controls or holds significant stakes in companies including National Veterinary Associates, Independence Pet Holdings, Pinnacle Pet Group, Panera Brands, Pret A Manger, Espresso House, Prosperity Life Group, and Family Life. JAB is also the anchor shareholder of Krispy Kreme.
JAB is a partner-led investment firm with more than 200 years of heritage. The company focuses on long-term value creation through patient capital and an ownership-oriented approach designed to support the enduring success of its portfolio companies. JAB manages more than $70 billion in assets across consumer and life insurance businesses.
