Keurig Dr Pepper (KDP) has received a $7bn backing from private equity firms Apollo and KKR to support its acquisition of JDE Peet’s and its subsequent plan to split into two businesses. The 7Up maker announced its intention to acquire JDE Peet's for more than $18bn in August. Following the purchase, KDP is splitting its business into two US-listed entities called Beverage Co. and Global Coffee Co., though official names are still to be revealed. As part of the latest agreement, Apollo and KKR will inve ...