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New Deal


Announced

Keurig Dr Pepper to invest $50m in Athletic Brewing Company.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Brewers

Minority

non-alcoholic beverages

Acquisition

Single Bidder

United States

craft brewery

Domestic

Private

Pending

Friendly

Synopsis

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Keurig Dr Pepper, a non-alcoholic beverage company, agreed to invest $50m in Athletic Brewing Company, a non-alcoholic craft beer maker. "Athletic Brewing is a winning brand in a rapidly growing beverage segment. Our investment reflects our interest and ability to move into exciting white spaces, including in the blurring of the alcoholic and non-alcoholic categories. We look forward to partnering with the Athletic Brewing team to help them scale the business," Bob Gamgort, Keurig Dr Pepper Executive Chairman.

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