Nestle to raise €3 billion from spin off of its water business
The new company will span more than 30 brands in 120 countries and is expected to generate about €3 billion in cash for Nestle.
- On Thursday, Nestle announced a 50/50 joint venture with Platinum Equity called Peranel, creating a dedicated entity for its water and premium beverage brands globally.
- Nestle CEO Philipp Navratil has been seeking to improve profitability by focusing on core brands like coffee and pet food, prompting the spin-off amid regulatory and environmental scrutiny of the water business.
- The transaction assigns an enterprise value of $5.6 billion to Peranel, which spans over 30 brands sold in 120 countries and is led by CEO Muriel Lienau from Paris.
- Nestle expects to raise approximately €3.0 billion from the deal, while Platinum Equity Co-President Louis Samson stated, "We are honored to have earned Nestlé's confidence and are excited to be their partner."
- Expected to close by the first half of 2027, the partnership aims to leverage Platinum Equity's operational expertise and M&A capabilities to drive growth in premium hydration and beverages.
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47 Articles
Nestle increases sales in Ukraine by 19.3% in H1 2026, invests UAH 5 bln
Nestlé in Ukraine increased its sales in the country by 19.3% in monetary terms (in hryvnia) and by 10% in physical terms in the first half of 2026, while the entire Ukrainian FMCG market in the categories where the company is represented grew by 15% and 6%, respectively, during this period, announced Roman Yanovych, CEO of Nestlé in Ukraine and Moldova.
The Swiss giant Nestlé announced the creation of a joint venture, in the bottled water and beverage sector, with the American investment company Platinum Equity. An operation that raises questions among the unions, especially for the future of the site Perrier, in the Gard.
DECRYPTAGE - The global agri-food leader is creating a joint venture with the Platinum Equity Fund to manage its high-end water and beverages. As it has done in other departments, it is a way to focus on priority trades.
Food giant Nestle has sold half of its water brand to a US-based company. Following the sale, the brand announced it will focus on its core business.
Nestlé is partnering with the U.S. Platinum Equity fund to give new impetus to its brands of water and drink, while turning the page of the health scandal Two and a half years after the
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