An investor group led by JAB Holdings-led has closed the purchase of beverage systems provider Keurig Green Mountain for $13.9bn.

The purchase was announced on 7 December 2015.

It has secured all the required approvals for completion of the transaction.

Under the terms of the purchase, Keurig Green Mountain shareholders will secure $92.00 per share in cash for each share of the company that they own.

Last month, the shareholders of Keurig gave approval to the deal.

After this, the deal also secured the approval of Canadian competition authorities.

The deal, which was led by Jab Holdings, also comprises minority partners who are shareholders in Jacobs Douwe Egberts including
Mondelez International and entities affiliated with BDT Capital Partners.

With this deal, Keurig Green Mountain will now become a privately owned company.

It will function independently and will be overseen by the company’s management team and employees.

The company will also continue to be headquartered at its present location at Waterbury, Vermont.

When the agreement was entered, Keurig Green Mountain president and CEO Brian Kelley had then said: "This transaction will deliver significant cash value for our shareholders and offers an exciting new chapter for our customers, partners and employees by combining Keurig Green Mountain with JAB’s global coffee platform.

"JAB fully supports Keurig Green Mountain’s culture and values as we continue to pursue our commitment to deliver innovative beverage solutions for consumers at the touch of a button."

The purchase adds to JAB’s portfolio, which includes a controlling interest in Jacobs Douwe Egberts, a coffee conglomerate with brands such as Bach Espresso and Bravo.

JAB also has a controlling share in Peet’s Coffee & Tea besides Espresso House and Baresso Coffee A/S.