Challenges: Still, the Samwers knew that Jamba! required access to both European and U.S. markets to maintain growth, and they were interested in realizing value through a public offering or strategic sale. They chose Summit Partners to help them continue Jamba!’s growth and to provide a global perspective on exit opportunities.
Solutions: In 2003, Summit Partners recapitalized Jamba! in a $40 million transaction, taking a majority ownership position. Summit then helped Jamba! increase its value by providing guidance at the board level, improving the company’s systems and controls, and helping expand its geographic reach from within Germany to across Europe. Meanwhile, Jamba!’s subscriber base increased from several hundred thousand to several million customers—making it the world’s second-largest subscription-based mobile community. Read further on Jamba!