Nutrabolt (C4 Energy) receives investment from Keurig Dr Pepper
Keurig Dr Pepper made a minority investment in Nutrabolt (C4 Energy), a US beverage brand, on Dec 15, 2022.
Preliminary: The transaction value and stake are not yet independently verified.
Transaction summary
- Company
- Nutrabolt (C4 Energy)
- Investor(s)
- Keurig Dr Pepper
- Selling shareholder(s)
- Nutrabolt / MidOcean Partners & Founder Doss Cunningham
- Announced
- 2022-12-08
- Completed
- 2022-12-15
- Geography
- United States
- Type
- Acquisition
- Deal type
- Minority
- Stake invested
- 30%(unverified)
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Investment and valuation context
100% enterprise value
USD 2.9B
Unverified
100% enterprise value | USD
Basis: Derived from source data
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
4.46x
Period: 2023E
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 863M
US$863m paid for 29.8%.
Basis
- Keurig Dr Pepper paid US$863m for 29.8%, which implies about US$2.9bn for the whole business. Multiples use revenue of US$650m (2023E).
Source summary
Keurig Dr Pepper and Nutrabolt Announce Strategic Partnership (KDP press release reprint)
EstimatedKDP will make a cash investment in Nutrabolt of $863 million
Open sourceContinue your research
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