Investment firm JAB Holdings has completed its divestment from Keurig Dr Pepper (KDP), selling its final 4.3% stake in the beverage giant. The sale, executed as an unregistered block trade, involved approximately 59.1 million shares and was valued between US$1.84 billion and US$1.87 billion. This transaction marks the conclusion of a multi-year process by JAB to gradually exit its position in the company.
JAB's involvement with Keurig began with the take-private acquisition of Keurig Green Mountain in 2016, which eventually led to the 2018 merger with Dr Pepper Snapple Group. At its peak, the investment conglomerate and its partners controlled a majority of KDP. The final sale follows a series of divestments, including a significant reduction of its stake from over 10% earlier in the year, signaling a strategic shift for the investment firm.
This move precedes a larger, transformative restructuring for KDP and JDE Peet's, another coffee company with ties to JAB. The two entities are proceeding with a plan to merge and then split into two distinct, publicly listed companies. The plan involves creating a 'Global Coffee Co.', which will combine the Keurig and JDE Peet's businesses, and a 'Beverage Co.' for KDP's North American cold drink brands. This complex corporate reorganization is reportedly targeted for completion by the end of 2026.