National

Pro Rata

Axios Pro Rata

European investment firm JAB Holdings has agreed to buy sandwich shop chain Pret a Manger from private equity firm Bridgepoint for £1.5 billion, according to The Financial Times.

Why it matters: JAB is becoming the biggest food company you've probably never heard of. Earlier acquisitions included Krispy Kreme, Peet's Coffee, Caribou Coffee, Panera Bread, Einstein Brothers Bagels, Keurig Green Mountain and Dr Pepper Snapple.

Report: JAB to expand food empire with Pret a Manger

£1.5 billion deal could be announced as early as tomorrow.

Business

Private equity

Axios Pro: Deals

European investment firm JAB Holdings has agreed to buy sandwich shop chain Pret a Manger from private equity firm Bridgepoint for £1.5 billion, according to <a class="gtmContentClick" data-vars-link-text="The Financial Times" data-vars-click-url="https://www.ft.com/content/37fc005c-62b9-11e8-90c2-9563a0613e56" data-vars-content-id="511d9692-7c1c-4fcd-beeb-4fc5bc2d6538" data-vars-headline="Report: JAB to expand food empire with Pret a Manger" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.ft.com/content/37fc005c-62b9-11e8-90c2-9563a0613e56" target="_blank">The Financial Times</a>.Why it matters: JAB is becoming the biggest food company you&#x27;ve probably never heard of. Earlier acquisitions included Krispy Kreme, Peet&#x27;s Coffee, Caribou Coffee, Panera Bread, Einstein Brothers Bagels, Keurig Green Mountain and Dr Pepper Snapple.

Report: JAB to expand food empire with Pret a Manger

Go deeper