JAB
JAB Holding is majority-owned by the Reimann family, which is known for its strategy of long-term investment in leading consumer goods companies with strong brands (mass consumer products, food and beverages, cosmetics, and petcare products and services).
The group has become the world’s second-largest player in the coffee market (with JDE Peet’s) and the third-largest non-alcoholic beverage group in the United States (Keurig Dr Pepper). It has also created a network of restaurants and cafés with more than 5,000 points of sale in the United States and Europe, around emblematic brands (Panera, Pret A Manger, Caribou Coffee etc.). JAB also operates in the petcare market via the National Veterinary Associates (NVA) platform of veterinary clinics. The group has also expanded into adjacent services, with the creation of a pet insurance platform and a diagnostics platform.
- Investment date
- 2016
Peugeot Invest's investment
Peugeot Invest made a commitment to co-invest $50 million alongside JAB Holding in 2016, then a further $150 million in 2017, to support its growth strategy in the consumer goods sector. In 2018, Peugeot Invest invested an additional $130 million to continue supporting the group’s expansion strategy in the beverages sector following the Dr Pepper Snapple Group acquisition.
In 2019, Peugeot Invest again committed $100 million to support the group’s upcoming developments in the petcare sector. In 2021, Peugeot Invest reaffirmed its support for the Pret-Panera platform by contributing $20 million to a capital increase. It made a further $100 million commitment in January 2022 to support JAB’s development in new verticals focused on petrelated services (mainly insurance).
In 2023, Peugeot Invest participated a capital increase in Panera Brands for $15 million.
In 2023
JDE Peet’s reported organic sales growth of 4% for the year, driven mainly by price increases to partially offset the impact of inflation, which is a major challenge for the industry as a whole.
The various restaurant chains are continuing to develop, thanks to product innovations and an expansion in the number of points of consumption, enabling the performance indicators of the main chains to reach higher levels than before the crisis.
The petcare platform announced that it has formed two distinct veterinary businesses, paving the way for eventual IPOs: NVA, comprising around 1,150 mainly general practice veterinary hospitals, and Ethos, comprising around 145 specialty veterinary hospitals, proforma for the announced sale of VetPartners (general practice clinics and specialty hospitals in Australia and New Zealand).
Finally, the pet insurance platform continues to strengthen its market position, with over 3.3 million pets now insured.
The group’s ecosystem includes the Assur O’Poil, Animal Friends, Pumpkin and Embrace brands.
Key figures
- Revenue of subsidiaries related to Peugeot Invest
- € 22 bn
- Total committed amount
- $ 566 m