Joe & the Juice Deal Adds to Abu Dhabi Firms’ Recent M&A Spree

Abu Dhabi’s Emirates International Investment Co. is buying a minority stake in Joe & the Juice at a valuation of $1.8 billion, people familiar with the matter said, adding to a flurry of recent dealmaking by regional entities despite disruptions caused by the Gulf war.

General Atlantic will remain the majority shareholder in the Danish juice, coffee and sandwich chain, the people said, asking not to be identified because the information isn’t public. EIIC is acquiring some of General Atlantic’s holding as well as getting new shares, the people said.

The fresh backing is aimed at helping the chain reach ...