Keurig Dr Pepper Announces $7 Billion Investment Agreements for JDE Peet's Acquisition and Company Separation

In the recent acquisition transaction involving Keurig Dr Pepper and JDE Peet's, the law firm Latham & Watkins LLP represented Apollo in both the joint venture and the convertible preferred stock investment. The transaction includes two investment agreements totaling US$7 billion, co-led by funds managed by affiliates of Apollo and KKR. The agreements consist of a US$4 billion investment in a newly formed K-Cup® pod and other single-serve manufacturing joint venture, as well as a US$3 billion convertible preferred stock investment in Keurig Dr Pepper and the eventual Beverage Co. The deal team from Latham & Watkins LLP for the joint venture was led by New York partners Javier Stark, Chirag Dedania, and Gary Boss, along with associates Josh Barkow, Chiara Eramo, Anny Yang, and Kai Yeo. Tax advice was provided by New York partner Bora Bozkurt and associate Michael Yu; antitrust matters were handled by Washington, D.C. partner David Brenneman, Frankfurt/Düsseldorf partner Max Hauser, Hamburg partner Jana Dammann, and Frankfurt counsel Nils Bremer; and intellectual property matters were addressed by Orange County/Los Angeles partner Ghaith Mahmood and associate Ryan Clore. For the convertible preferred stock investment, the Latham team was led by New York partners Tracey Zaccone and Eric Rice, and Orange County partner Drew Capurro, with associates Evan Kirsch and Matt DeSilva. Tax matters were advised on by Los Angeles partner Pardis Zomorodi and Houston partner Christine Mainguy; antitrust matters were again managed by Washington, D.C. partner David Brenneman, Frankfurt/Düsseldorf partner Max Hauser, Hamburg partner Jana Dammann, and Frankfurt counsel Nils Bremer; intellectual property matters were handled by New York partner Pelin Serpin; employment matters were addressed by New York partner Erin Murphy; and real estate matters were managed by New York partner Dara Denberg.

Keurig Dr Pepper Announces $7 Billion Investment Agreements for JDE Peet's Acquisition and Company Separation

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