Keurig Dr Pepper bags $7bn private equity backing for JDE Peet’s acquisition

The joint investment from KKR and Apollo Global signals a significant vote of confidence in Keurig Dr Pepper’s upcoming $18.2bn acquisition of the Dutch coffee and tea group amid investor jitters over the deal

US coffee and soft beverages group Keurig Dr Pepper (KDP) has raised $7bn from two private equity firms in support of its $18.2bn acquisition of Amsterdam-based coffee and tea giant JDE Peet’s.