Dr Pepper Snapple Group $1.7 billion acquisition of Bai Brands

Overview:

• Dr Pepper Snapple Group has acquired antioxidant infusion beverage producer Bai Brands in a $1.7 billion deal.
• The acquisition will be financed through new debt.
• Dr Pepper Snapple had previously controlled a minority stake in Bai.
• Credit Suisse Securities acted as financial adviser for Dr Pepper Snapple, while JPMorgan Securities served as financial adviser for Bai.
• The deal is expected to close within the first quarter of 2017.

Kurt Stumpo - Journalist