Keurig Dr Pepper Acquires JDE Peet’s in $18.4 Billion Deal

Paul, Weiss advised Keurig Dr Pepper Inc. on its €15.7 billion ($18.4 billion) all-cash acquisition of leading global coffee company JDE Peet’s.
 
The firm continues to represent the combined company on the planned tax-free spinoff of its coffee business, under which KDP will separate into two independent U.S.-listed companies. One is expected to be a global coffee powerhouse, while the other will focus on North America’s refreshment beverage market. Separation timing will be based on the achievement of key milestones, expected by the end of 2026.
 
The Paul, Weiss team is led by corporate partners James Langston and Chelsea Darnell, and includes, among others, partners Ravi Purohit, Nick Bogdanovich, Matthew Leist, Luke Jennings, Michael Spirtos, Timothy Cruickshank, Carmen Lu, Manuel Frey, John Kennedy, Eric Wedel, Caroline Epstein, Neel Sachdev, Matthew Leist, Tony Rim, Marco Bagnato, Sean Fitzpatrick and Patricia Vaz de Almeida; tax partners Brian Krause, Robert Holo and Jeffrey Samuels and counsel Alyssa Wolpin; executive compensation partners Matthew Friestedt and Jean McLoughlin and counsel Cynthia Akard; intellectual property partners Jonathan Ashtor, Claudine Meredith-Goujon and Brianna van Kan; litigation partners Geoffrey Chepiga and Nicole Succar and counsel Audrey Paquet; real estate partner Harris Freidus; and environmental counsel William O’Brien.