– Platinum Equity and Nestlé will create Peranel, a 50/50 joint venture for Nestlé’s waters and premium beverages business, focused on accelerating both organic and acquisition-led growth.
– Peranel will manage 30+ brands sold in 120 countries, including S.Pellegrino, Source Perrier, Acqua Panna, Nestlé Pure Life, and other leading local water brands.
– The company will be headquartered in Paris and led by Muriel Lienau, the current CEO of Nestlé’s waters business.
– The transaction values Peranel at an enterprise value of €4.9 billion ($5.6 billion) and is expected to close in the first half of 2027, subject to regulatory approvals and employee consultations.
– Louis Samson, Co-President of Platinum Equity, said the partnership combines Platinum’s operational expertise with Nestlé’s product development and marketing capabilities to create long-term value.
– Philipp Navratil, CEO of Nestlé, said the partnership will give Peranel greater agility to pursue long-term growth through innovation, premiumization, operational excellence, and sustainability.
– Muriel Lienau said the joint venture represents an important milestone and a new chapter for the business, supported by both Nestlé and Platinum Equity.
As an independent company, Peranel will have greater flexibility to invest in its brands and pursue global growth opportunities.
– Igor Chacartegui, Managing Director at Platinum Equity, said Peranel is well positioned to benefit from long-term consumer trends in health, wellness, hydration, and premium beverages, while Platinum will also support future M&A to strengthen the portfolio.
