Platinum Equity, Nestlé form 50-50 Peranel joint venture valued at $5.6 billion - XLP News | RalliesPlatinum Equity, Nestlé form 50-50 Peranel joint venture valued at $5.6 billion
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XLP• Platinum Equity and Nestlé form Peranel joint venture
- Platinum Equity agreed to form Peranel, a 50/50 joint venture with Nestlé for Nestlé’s waters and premium beverages business.
- The deal assigns an enterprise value of $5.6 billion to Peranel, a standalone platform spanning more than 30 brands sold in 120 countries.
- Peranel will be headquartered in Paris and led by current business CEO Muriel Lienau.
- The transaction is expected to close in the first half of 2027, subject to employee consultations and regulatory approvals.
