Keurig Green Mountain, the maker of K-Cup single-serve coffee pods, said it would be bought by an investor group led by Germany’s JAB Holding Co (JAB) for about $13.9 billion.

The $92.00 per share cash offer represents a 78% premium to Keurig’s (GMCR) Friday close.

Coca-Cola (KO), Keurig’s biggest single shareholder, said it was supportive of the deal. As of Dec. 6, Coke had a 17.4% stake in the Vermont-based company.

Investment group JAB, owned by the billionaire Reimann family, has a controlling stake in consumer products companies including cosmetics maker Coty, shoemaker Jimmy Choo, and coffee company Jacobs Douwe Egberts.

JAB is acquiring Keurig in partnership with investors who are already shareholders in Jacobs Douwe Egberts, including Mondelez International (MDLZ) and entities affiliated with BDT Capital Partners.

BofA Merrill Lynch and Credit Suisse provided fairness opinions to Keurig Green Mountain.