Einstein Noah Restaurant Group to be acquired by JAB Holding Company for $374 million

Lakewood, Colo. -- Einstein Noah Restaurant Group, whose banners include Einstein Bros., Bagels, Noah's New York Bagels, and Manhattan Bagel brands, has agreed to be acquired by JAB Holding Company for approximately $374 million.



The agreement, unanimously approved by Einstein Noah Restaurant Group’s directors, represents a premium of approximately 47% over Einstein Noah’s 30-day average trading price.



Once the deal is completed, Einstein Noah will maintain its headquarters in Lakewood, Colorado and will continue to operate as a standalone business in the JAB portfolio. Michael Tattersfield, CEO of Caribou Coffee Company, another JAB portfolio company, will serve as chairman of the board.



“Einstein Noah Restaurant Group has a great collection of brands that reflect JAB’s long-term investment philosophy and we see significant opportunity for growth,” said Olivier Goudet, partner and CEO of JAB. JAB, which has majority stakes in Peet’s Coffee & Tea Inc., Caribou Coffee Co., and Coty. It also owns luxury leather goods companies including Jimmy Choo, Bally and Belstaff.