Nestlé and Platinum Equity to create Peranel, a leading player in water and premium beverages

Nestlé and Platinum Equity announced a plan to create Peranel, a 50:50 joint venture for Nestlé's waters and premium beverages business. The venture will manage over 30 brands across 120 countries, including S.Pellegrino, Perrier, and Nestlé Pure Life. The transaction is valued at EUR 4.9 billion and is expected to close in H1 2027, with Nestlé receiving approximately EUR 3.0 billion in cash proceeds.