Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture
CONFIRMED84% CONFIDENCENestlé's release is datelined "Vevey, Switzerland – July 23, 2026" and its half-year release says "On July 23, 2026, Nestlé and Platinum Equity[4] announced a plan to create Peranel"; Just Drinks[6] reports it was "issued alongside Nestlé's first-half results", and Platinum Equity's PR Newswire copy is stamped "Jul 23, 2026, 01:05 ET" (05:05 UTC), i.e. the 07:00 CEST results release.
Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.
€4.9B
1.00