Red Mango investor buys stake in Jamba

EMERYVILLE Calif. CIC Advantage Holdings LLC, an affiliate of private-equity group CIC Partners, has purchased a 5.6-percent stake in Jamba Inc., parent of the struggling Jamba Juice smoothie chain.

 

Recent regulatory filings show the group purchased nearly 3.1 million shares of Jamba for $2.65 million, or an average of 85 cents per share. Jamba’s share price has fluctuated between 37 cents per share and $3.40 per share during the past 52 wee

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