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Krispy Kreme shares rose nearly 24 percent to $20.84 in
premarket trading on Monday, just below the offer price of $21
per share in cash.
JAB Holding will acquire Krispy Kreme through its unit JAB Beech
Inc, in which BDT Capital Partners is a minority investor.
JAB Holding, the investment vehicle of Germany's billionaire
Reimann family, led a buyout of K-cup coffee pod maker Keurig
Green Mountain Inc in March for $13.9 billion.
Cosmetics company Coty Inc and luxury goods maker Jimmy Choo are
among the other U.S. companies in which the German company has
controlling stakes.
The Krispy Kreme deal, which has no financing conditions, is
expected to close in the third quarter.
Wells Fargo Securities LLC is the U.S. company's financial
adviser for the deal, while Barclays and BDT & Co LLC are
advising JAB Beech.
Simpson Thacher & Bartlett LLP and Womble Carlyle Sandridge &
Rice LLP are Krispy Kreme's legal advisers and Skadden, Arps,
Slate, Meagher & Flom LLP is JAB Beech's legal counsel.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by
Shounak Dasgupta and Kirti Pandey)
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