Focus Brands to Acquire Jamba Juice

Paul, Weiss is representing Focus Brands Inc., a portfolio company of Roark Capital Group, in its approximately $200 million all-cash acquisition of smoothie and juice chain Jamba, Inc. Under the terms of the agreement, a subsidiary of Focus Brands will commence a tender offer to purchase Jamba common stock for $13.00 per share. Following the tender offer, Focus Brands will acquire remaining shares through a merger at the same price. The transaction is expected to close during the third quarter of 2018, pending regulatory and customary approvals. It will be funded by Focus Brands, a leading global franchisor and operator of brand-name retail food chains, using cash on hand and available borrowing capacity under its existing credit facilities.

The Paul, Weiss team includes corporate partners Jeffrey Marell, Jordan Yarett and John Kennedy; employee benefits partners Lawrence Witdorchic and Robert Fleder; tax partners Scott Sontag and David Mayo; and antitrust counsel Marta Kelly.