KKR Makes Strategic $3 Billion Investment in Keurig Dr Pepper with Kirkland & Ellis Advising

"Kirkland & Ellis has advised KKR on a strategic $3 billion investment in Keurig Dr Pepper (KDP), which includes a convertible preferred stock agreement and a $4 billion joint venture for K-Cup® pod manufacturing. KDP will maintain control over the assets and use the funds to finance its acquisition of JDE Peet’s. The advisory team comprised various legal experts from capital markets, corporate, tax, and finance sectors."

Kirkland & Ellis advised global investment firm KKR in its strategic investment in Keurig Dr Pepper (KDP), a leading beverage company in North America. The transaction involves KKR and Apollo entering into a definitive agreement for a $3 billion convertible preferred stock investment in KDP, as well as a binding commitment letter and term sheet for a $4 billion K-Cup® pod manufacturing joint venture, with KDP retaining a controlling interest and operational control of the related assets. The proceeds from these transactions will be used by KDP to finance its pending acquisition of JDE Peet’s. The Kirkland team advising on the convertible preferred stock investment included capital markets lawyers Josh Korff, Ross Leff, Zoey Hitzert, Soo Kyung Chae, Lune Klappe-Regan, and Connor Dalton; corporate lawyers Jennifer Perkins, Ravi Agarwal, Oliver Yee, Bobby Hausen, and Seung Bo Choi; and tax lawyers Mike Beinus, Adam Kool, and Joseph Riddle. The team advising on the manufacturing joint venture comprised debt finance lawyers Roald Nashi, Jacqueline Trudeau, Yigal Gross, and Jessie Mann; corporate lawyers Brittany Sakowitz, Bobbi Worbington, Lee Blum, and Phil Greenfield; capital markets lawyer Matthew Pacey; and technology & IP transactions lawyer Daisy Darvall.

KKR Makes Strategic $3 Billion Investment in Keurig Dr Pepper with Kirkland & Ellis Advising

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