Deals

JAB Adds Goldman Sachs to Lead Banks on Coffee Unit IPO

  • Goldman to work as joint global coordinator alongside BNP, JPM
  • Owner of Jacobs, Peet’s brands may seek about 3 billion euros
Photographer: Tim Boyle/Bloomberg
Lock
This article is for subscribers only.

JAB Holding Co., the consumer investment firm backed by the billionaire Reimann family, has added Goldman Sachs Group Inc. to a lead role on the initial public offering of its coffee business, a person with knowledge of the matter said.

Goldman will work on the deal as a joint global coordinator alongside BNP Paribas SA and JPMorgan Chase & Co., according to the person, who asked not to be identified because the information is private. JAB is considering raising about 3 billion euros ($3.3 billion) in an Amsterdam IPO of the business, which could take place as soon as the first half of the year, Bloomberg News reported earlier this month.