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Food09/24/2026FoodDesk

Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture

Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland

Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture

Starts 07/23/2026 5:00AMCONFIRMED 84% 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

Nestlé and Platinum Equity Close the Peranel Waters Deal

Nestlé, 55, Avenue Nestlé, Vevey, Riviera-Pays-d'Enhaut District, Vaud, 1800, Switzerland

Nestlé

Starts 06/30/2027ESTIMATED 75% CONFIDENCENestlé's half-year release says the transaction "is expected to close in H1 2027" with "net cash proceeds of approximately CHF 2.8 billion expected in H1 2027", and Platinum Equity^[3] says "expected to close by the first half of 2027"; the span's last day, 30 June 2027, is used as an estimate.

Expected completion of the deal that moves S.Pellegrino, Perrier, Acqua Panna and Nestlé's other waters into Peranel, a 50:50 joint venture with Platinum Equity, paying Nestlé about EUR 3.0 billion (CHF 2.8 billion) in cash. Closing still needs employee consultations and regulatory approvals.

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Nestlé and Platinum Equity Agree to Form Peranel Waters Joint Venture

Nestlé and Platinum Equity Close the Peranel Waters Deal