The planned IPO for the combined Jacobs Douwe Egberts (JDE) and Peet's Coffee business would likely be 'credit positive' for investor parent JAB Holding, Moody's has said, as it would 'further increase the liquidity of its portfolio of investments and potentially bring large sums of cash to be redeployed within JAB Holding'.
Moody's Investors Service was commenting following the announcement earlier this week that JAB was to merge JDE and Peet's and explore an IPO, bringing together leading brands such as L’OR, Jacobs Coffee, Douwe Egberts, Senseo, Tassimo, Moccona, Kenco and Peet's.
