Platinum Equity and Nestlé Announce $5.6 Billion Joint Venture Peranel for Waters and Premium Beverages
Platinum Equity and Nestlé are forming Peranel, a $5.6 billion joint venture focused on water and premium beverages. The new entity will manage over 30 brands across more than 120 countries and is expected to close by mid-2027 after regulatory approvals.
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Topics: joint venture Nestlé Platinum Equity premium beverages water brands