Keurig Dr Pepper Secures $7 Billion Investment for JDE Peet's Acquisition
Investment firms KKR and Apollo have provided $7 billion to support Keurig Dr Pepper's acquisition of European coffee firm JDE Peet's.
The investment will give KKR and Apollo a stake in the future beverage business and a newly formed K-Cup pod manufacturing joint venture.
Although Wall Street was initially skeptical, financial heavyweights are now supporting the acquisition.
- Funds managed by Apollo and KKR have invested $7 billion in the transactions.
- Hedge fund Starboard Value has also been building a stake in Keurig Dr Pepper since the deal was announced.
As a result, the company now expects net leverage to be approximately 1.0x lower at 4.
Author's summary: Keurig Dr Pepper gets $7 billion investment for JDE Peet's acquisition.
More News
- The Chinese Box and Turing Test: Ai has no intelligence
- 'What a player': Adams praises Kroupi's mentality - “his ceiling is really high”
- Gold breaks records as digitalisation opens the next wave of demand
- Pre-school praised for 'working hard to improve' with exemplary Ofsted report
- Tshwane Municipality fails to improve living conditions at Mamelodi Hostel