Highlighted transactions



Intelligentsia Coffee Inc.

Piper Jaffray served as exclusive financial advisor to Intelligentsia Coffee on its sale of majority stake to Peet's Coffee & Tea.

Client Description

Founded in 1995 by Doug Zell and Emily Mange, Intelligentsia Coffee is a specialty coffee roaster and retailer with coffee bars in Chicago, Los Angeles, and New York, and roasting facilities in Chicago, San Francisco and New York. With direct relationships spanning the globe for over a decade, Intelligentsia sources and develops naturally sweet coffees from some of the best producers in the world. The company is recognized as an industry pioneer for its creation of the Direct Trade purchasing model, groundbreaking coffee bars, and award winning baristas.

Counterparty Description

Peet's Coffee & Tea is a U.S. specialty coffee company founded by Alfred Peet in 1966 in Berkeley, California. Peet grew up in the coffee trade and moved to America from Holland after World War II. His coffee style was unlike anything Americans had ever tasted before ‐ small batches, fresh beans and a superior quality roast that is rich and complex. Peet's influence of the artisan coffee movement inspired a new generation of coffee entrepreneurs, including the founders of Starbucks. Today, Peet’s Coffee upholds its commitment to high quality and freshness by sourcing the world’s best beans, roasting in small batches, and maintaining a strict standard of freshness through its unique direct store delivery network. Peet's continues to grow its business through its retail, grocery and e‐commerce channels while maintaining the premium quality of its coffee. Peet’s is a private business owned by JAB Holding Co.

JAB Holding Co. is a privately held group that specializes in long term investments in premium brands in the luxury goods, coffee and healthcare sectors. Its investments include Coty, Reckitt Benckiser, Jimmy Choo, Peet’s Coffee & Tea, Einstein Noah Restaurant Group and Caribou Coffee among others.