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Keurig Dr Pepper secures $7bn to fund business split
Keurig Dr Pepper has received $7bn in backing from private-equity firms Apollo and KKR to support the company’s acquisition of JDE Peet’s and its subsequent plan to split in two. Apollo and KKR will inject $4bn into a production venture for the mooted coffee business. The PE firms have also signed a deal for convertible preferred stock in KDP and the eventual, separate, ‘Beverage Co’.
Coca-Cola HBC expands in Africa with bottling M&A
Coca-Cola HBC is to buy a majority stake in Coca-Cola Beverages Africa, a deal set to create the world’s second-largest Coke bottler. The UK-listed group has struck a deal to buy a combined 75% of Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company and Gutsche Family Investments for $2.6bn. The deal will see Coca-Cola HBC enter 14 more markets in Africa, including Ethiopia, Kenya and South Africa.
Lanson-BCC seals acquisition of Heidsieck & Co. Monopole
Lanson-BCC has had its €50m ($58m) offer to buy Champagne house Heidsieck & Co. Monopole accepted by Vranken-Pommery Monopole. Heidsieck & Co. is one of the oldest Champagne Houses and has been owned by Vranken-Pommery since 1996. Vranken-Pommery wants to focus on international brand Champagne Pommery & Greno.
Zamora Co. buys majority of Spanish winery Godeval
Zamora Co. has acquired a majority stake in Spain’s Bodegas Godeval to strengthen its position in white wines. Until now, Zamora’s white wine production centred on Verdejo and Albariño grapes through its Ramón Bilbao and Mar de Frades wineries in Rueda and Rías Baixas. Godeval will give Zamora Godello grapes, a native Galician variety it described as “rapidly expanding”.
