Acquisitions group buys Jamba Juice chain
Posted on March 14, 2006
Filed Under Companies |
A lot of people don't realize that Jamba Juice was funded by some of the best known venture firms in the Valley, including August, Trinity, Benchmark, and Oak. With the first round done 12 years ago one has to wonder if they would do it again, although strong capital gains can usually make up for a lot of heartache. Speaking of capital gains, it's really hard to know given that the liquidations preferences are known only to the insiders, but with $150m invested in the company and it being sold for $265m it would appear to be a modest gain given the amount of time gone into the deal.
MercuryNews.com | 03/14/2006 | Acquisitions group buys Jamba Juice chain Berrard-led Services Acquisition said it is paying $265 million for the privately held Jamba Juice. The chain — which opened its first location in 1990 — reported $345 million of sales last year at its 532 locations nationwide.
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My name is Jeff Nolan and I write Venture Chronicles. These are my thoughts on technology, innovation, management, public policy and pretty much anything else that I find interesting.
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