Platinum Equity and Nestlé to launch $5.6bn water and beverages venture

🇫🇷 PE Hub (FR) —
Platinum Equity and Nestlé to launch $5.6bn water and beverages venture

AI Summary

Platinum Equity and Nestlé plan to launch a $5.6 billion joint venture, Peranel, encompassing over 30 water and premium beverage brands. The new company will operate globally, headquartered in Paris, consolidating a broad beverage portfolio.

Peranel will bring together more than 30 water and premium beverage brands sold in 120 countries under a Paris headquarters. The post Platinum Equity and Nestlé to launch $5.6bn water and beverages venture appeared first on PE Hub.

World Markets Deals Platinum Equity Nestlé joint venture beverages water brands Paris global markets

Read original source →