Jun 21, 2026 – 4.00pmTPG Capital has sold the drinks business behind popular coconut water brand Cocobella and Rokeby protein shakes to France’s Danone in a transaction that delivers the private equity firm a nearly $2 billion payday.Danone, which is listed on Euronext Paris, will add Made Group to a portfolio that includes brands ranging from high-protein yoghurt YoPRO to Evian mineral water, Silk plant-based milk and baby formula Aptamil.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Danone snaps up Cocobella, Rokeby drinks brands in $2b payday for TPG
The private equity giant put the food and drinks manufacturer on the market earlier this year, attracting interest from major international investors.
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