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JAB Beech Inc. Completes Acquisition Of Caribou Coffee Company, Inc.



     JAB Beech Inc. Completes Acquisition Of Caribou Coffee Company, Inc.

PR Newswire

MINNEAPOLIS, Jan. 24, 2013

MINNEAPOLIS, Jan. 24, 2013 /PRNewswire/ -- JAB Beech Inc. ("JAB"), a member of
the Joh. A Benckiser Group, today announced the successful completion of its
previously announced acquisition of Caribou Coffee Company, Inc. (Nasdaq:
CBOU) ("Caribou") for $16 per share, or approximately $340 million in the
aggregate.

JAB acquired Caribou through a tender offer and subsequent merger. As a result
of the completion of the merger, Caribou has become a wholly-owned subsidiary
of JAB and the common stock of Caribou ceased trading on the NASDAQ Global
Select Market on January 24, 2013.

BDT Capital Partners ("BDTCP"), a Chicago-based merchant bank that provides
long-term private capital solutions to closely held companies, is a minority
investor in this transaction alongside the Joh. A Benckiser Group. In addition
to BDTCP's capital investment, BDT & Company served as a financial co-advisor
to the Joh. A Benckiser Group with Morgan Stanley & Co. LLC. Skadden, Arps,
Slate, Meagher & Flom LLP acted as legal advisor to the Joh. A Benckiser Group
in this transaction. Moelis & Co LLC served as an exclusive financial advisor
to Caribou in connection with this transaction and Briggs and Morgan P.A.
acted as Caribou's legal advisor.

About The Joh. A Benckiser Group
The Joh. A Benckiser Group is a privately held group of affiliated companies
focused on long term investments in companies with premium brands in the Fast
Moving Consumer Goods category. The Joh. A Benckiser Group's portfolio
includes a majority stake in Coty Inc., a global leader in beauty, a majority
stake in Peet's Coffee & Tea Inc., a premier specialty coffee and tea company,
a minority stake in Reckitt Benckiser Group PLC, a global leader in health,
hygiene and home products and a minority investment in D.E Master Blenders
1753 N.V., an international coffee and tea company. The Joh. A Benckiser Group
also owns Labelux, a luxury leather goods company with brands such as Jimmy
Choo, Bally and Belstaff. The assets of the group are overseen by its three
senior partners, Peter Harf, Bart Becht and Olivier Goudet.

About BDT Capital Partners
BDT Capital Partners provides family-owned and entrepreneurially led companies
with long-term capital, solutions-based advice and access to an extensive
network of world-class family businesses. Based in Chicago, BDT Capital
Partners is a merchant bank structured to provide advice and capital that
address the unique needs of closely held businesses. The firm has a $3 billion
investment fund as well as an investor base with the ability to co-invest
significant additional capital. Through its advisory business, BDT & Company
works with family businesses to pursue their long-term strategic and financial
objectives.

Forward-Looking Statements
This press release contains forward-looking statements that are not historical
facts and are subject to risks and uncertainties that could cause actual
results to differ materially from those described. All statements other than
statements of historical fact are statements that could be deemed
forward-looking statements. Forward-looking statements in this communication
include statements regarding the anticipated benefits of the transaction;
statements regarding the expected timing of the completion of the transaction;
and any statements of assumptions underlying any of the foregoing. All
forward-looking statements are based largely on current expectations and
beliefs concerning future events, approvals and transactions that are subject
to substantial risks and uncertainties. Factors that may cause or contribute
to the actual results or outcomes being different from those expressed or
implied in the forward-looking statements include are discussed in the
Company's filings with the SEC, including in its periodic reports filed on
Form 10-K and Form 10-Q with the SEC. Copies of the Company's filings with the
SEC may be obtained at the "Investors" section of the Company's website at
www.cariboucoffee.com. The forward-looking statements made in this
communication are made only as of the date of this communication, and the
Company undertakes no obligation to update them to reflect subsequent events
or circumstances.

SOURCE JAB Beech Inc.

Contact: Tom Johnson, tbj@abmac.com, or Chuck Burgess, clb@abmac.com, both of
Abernathy MacGregor Group, +1-212-371-5999
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