KKR and Apollo to invest $7bn in Keurig Dr Pepper.

KKR and Apollo, two investors, agreed to invest $7bn in Keurig Dr Pepper, a beverage company in North America. "We have a proven track record of value creation in beverages, and our Board and management team have conviction in the merits of the planned transaction and subsequent creation of two winning companies – a global coffee powerhouse and the most agile North American beverage leader. We are confident this transaction positions KDP to generate significant shareholder value, and we have robust plans to deliver with success," Tim Cofer, Keurig Dr Pepper Chief Executive Officer.