A multidisciplinary team led by the Technology and Private Equity practices advised Nutrabolt in its announced strategic partnership with Keurig Dr Pepper Inc. (NASDAQ: KDP), which includes a long-term sales and distribution arrangement that leverages KDP’s powerful go-to-market capabilities and a significant equity investment that enables KDP to participate in the value creation upside expected to be created through the strategic partnership. The equity investment is expected to close by year-end.
KDP will make a cash investment in Nutrabolt of $863 million, or approximately $740 million net of anticipated cash tax benefits, in exchange for preferred equity with a 5% annual coupon paid in cash or in-kind. The investment provides KDP with an ownership stake of approximately 30%, making KDP the largest investor in Nutrabolt behind its Founder, Chairman and CEO, Doss Cunningham.
Nutrabolt is a fast-growing, global active health and wellness company with a portfolio of market leading performance-oriented brands that energize and fuel active lifestyles.
For additional details on the transaction, please read the press release.