BDT Capital Invests, Advises in $340 Million Acquisition of Caribou Coffee

Munger, Tolles & Olson represented BDT Capital Partners as minority investor and financial advisor in the acquisition of Caribou Coffee Company. BDT and majority investor Joh. A. Benckisers (JAB) acquired Caribou for $16 per share in cash, or a total of approximately $340 million. The deal was announced Dec. 17.

Munger Tolles corporate partner Mary Ann Todd led the engagement for the firm. Munger Tolles also represented BDT Capital in the billion-dollar acquisition of Peet’s Coffee & Tea in July 2012. A team including Ms. Todd and Munger Tolles attorneys Brett J. Rodda and David B. Goldman worked on the Peet’s deal.

BDT Capital is a Chicago-based merchant bank that provides closely held companies with long-term capital and solutions-based advice.

Caribou is the second-largest coffee chain in the United States. JAB is a privately held group focused on long-term investments in premium brands in the broader consumer goods category.

Ms. Todd’s practice focuses on mergers and acquisitions, private equity and corporate governance.