Keurig Dr Pepper closes €14.9B JDE Peet's acquisition, raises $8.5B via preferred stock and JV

Filed April 1, 2026 · Period ending March 30, 2026 · ~1 min read

Key Changes

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  KDP completed acquisition of 96% of JDE Peet's for €14.86 billion (€31.85/share) on April 1, 2026, dramatically expanding its coffee portfolio and creating a global beverage giant combining soft drinks, coffee, and tea brands.

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  Raised $4.5 billion by issuing 4.5 million convertible preferred shares at $1,000 each to KKR, Apollo, and institutional investors—these convert to common stock and represent significant potential dilution for existing shareholders.

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  Sold 49% stake in core K-Cup pod manufacturing business for $4 billion to same investor group via joint venture, monetizing operational assets while retaining majority control of production facilities.

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