Nestlé partners with Platinum Equity to form Peranel waters, premium beverages joint venture valued at EUR 4.9 billion

(AWP Alliance News) - Nestlé plans to form a 50:50 joint venture with Platinum Equity to create Peranel, combining its waters and premium beverages business into a standalone company. The business spans more than 30 brands sold in 120 countries, including S.Pellegrino, Source Perrier, Acqua Panna, Nestlé Pure Life.

The deal values Peranel at EUR 4.9 billion, implying about EUR 3 billion of cash proceeds for Nestlé at closing. The transaction is expected to close in H1 2027, subject to employee consultations and regulatory approvals.

Peranel will be headquartered in Paris, led by Muriel Lienau.

https://www.globenewswire.com/NewsRoom/ReleaseNg/402447315

Disclaimer: This news brief was created using generative artificial intelligence. Nestlé SA published the original content used to generate this news brief via GlobeNewswire on July 23, 2026, and is solely responsible for the information contained therein.