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KDP Raises $7 Billion From Apollo, KKR to Help Fund JDE Deal (2)

Oct. 27, 2025, 4:18 PM UTC
Rachel Phua
Rachel Phua
Paula Seligson
Paula Seligson
Bloomberg News

Keurig Dr Pepper Inc. is raising $7 billion from Apollo and KKR to help finance its acquisition of JDE Peet’s NV, aiming to ease investor concerns about taking on too much debt.

Wall Street has expressed skepticism over Keurig’s August announcement to buy the Dutch coffee company for about $18 billion. The deal raises Keurig’s leverage and triples its exposure to a coffee category that investors wanted to see reduced, TD Cowen analyst Robert Moskow wrote in a note earlier this month.

WATCH: Apollo Asset Management co-President Scott Kleinman discusses why the firm and KKR are helping to finance Keurig Dr Pepper’s purchase of JDE Peet’s NV. Speaking on “Bloomberg Open Interest,” Kleinman also comments on the current state of the PE market environment and AI. Source: Bloomberg

The stock increased as much as 10% on Monday, the biggest intraday gain ...

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