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Focus Brands to buy Jamba Juice

Focus Brands Inc. and Jamba, Inc. have announced that the companies have entered into a definitive merger agreement under which FBI will acquire Jamba for $13.00 per share in cash, in a transaction valued at approximately $200 million, PE Hub reported. Jamba Inc is the parent company of the juice brand Jamba Juice. North Point Advisors LLC served as financial advisor and DLA Piper LLP as legal counsel to Jamba on the transaction while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Focus Brands.

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M&A,mergers and acquisitions