Nestlé to spin off water business into venture with Platinum Equity
- Location
- Vevey / Paris (joint venture headquarters) · 🇨🇭 Switzerland / France / USA
- Sector
- Food
- Organisations
- Platinum Equity (USA) ↔ Nestlé Waters & Premium Beverages (Nestlé S.A., Schweiz)
- Transaction
- 50:50 joint venture ('Peranel')
- Volume
- Enterprise value $5.6bn (around €4.9bn); cash proceeds to Nestlé of around €3bn
- Status
- announced
On 23 July 2026 Nestlé carved out its water and premium beverages business into a 50:50 joint venture with US investor Platinum Equity. The new company 'Peranel', headquartered in Paris, brings together more than 30 brands sold in 120 countries — including S.Pellegrino, Perrier, Acqua Panna and Nestlé Pure Life — and will be led by the division's current CEO Muriel Lineau. Enterprise value is $5.6bn (around €4.9bn), generating roughly €3bn in proceeds for Nestlé. Completion is expected in the first half of 2027, subject to consultation with employee representative bodies and regulatory approvals. Second source: Il Sole 24 Ore.
Source: platinumequity.com ↗ · Archived copy ↗
Evidence: one source · second source missing (two-source rule) · How well sourced is Eurotrack?
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