US EditionKKR, CD&R, PAI Push Forward In $5.75B Nestlé Water Sale
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5 Articles
KKR, CD&R, PAI Push Forward In $5.75B Nestlé Water Sale
Private equity giants KKR, CD&R and PAI Partners are pushing forward on a bid for a 50% equity stake in Nestlé's water and premium beverages division. The division, which comprises brands like Perrier and S.Pellegrino, is valued at approximately $5.75 billion. Blackstone, Bain Capital and Platinum Equity have also shown interest in the sale, sources told Reuters. Rothschild & Co. is understood to be advising on the sale process. Sources also tol…
This Friday, the Financial Times announced that three funds, the Americans CD & R and KKR as well as the French PAI, were selected for the next stage of the auction relating to the divestiture of part of Nestlé Waters. A new far from reassure Yannick Duffner, the CFDT delegate of the sites of Vittel and Contrexéville.
The Swiss multinational Nestlé is about to sell significant shares of the properties of its waters, with a cost of the operation that is around 5 billion euros and that would include famous water brands such as San Pellegrino, Perrier and Acqua Panna. This choice by the famous company, as reported by Milano Finanza, would include the idea of betting strongly on other categories, such as coffee, petcare and nutrition. The renovation works had sta…
Nestlé Progressing $5bn Perrier And San Pellegrino Deal
Nestlé’s sale of a multibillion-euro stake in its water business is reported to have moved forward, with private equity firms CD&R, KKR, PAI, and Platinum Equity advancing to the next round of bidding. Sources cited by the Financial Times said (more…) The post Nestlé Progressing $5bn Perrier And San Pellegrino Deal appeared first on KamCity.
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