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PAI Partners drops out race for Nestlé water assets
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PAI Partners drops out race for Nestlé water assets
Private equity firm PAI Partners has followed KKR in withdrawing from the bidding process for a potential 50% stake in Nestlé’s water business, which includes brands such as Perrier, according to a report by Bloomberg. The sale process continues to attract interest from a reduced field of buyout firms, with Clayton Dubilier & Rice and Platinum Equity still understood to be in contention. Neither Nestlé, PAI Partners nor KKR reportedly commented …
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