Dr Pepper's Loathed Coffee Deal Looks Pretty Tasty to Private Equity
It’s buyout barons to the rescue. Apollo Global Management Inc. and KKR & Co. this week agreed to help finance Keurig Dr Pepper Inc.’s controversial €16 billion ($18.5 billion) deal...
By Chris Hughes · Bloomberg
It’s buyout barons to the rescue. Apollo Global Management Inc. and KKR & Co. this week agreed to help finance Keurig Dr Pepper Inc.’s controversial €16 billion ($18.5 billion) deal for coffee maker JDE Peet’s NV. But this remains one of the worst-received transactions in recent memory. Financial engineering can go only so far to repair the damage.