SWITZERLAND | Nestlé and Platinum Equity have announced a plan to create Peranel, a 50:50 joint venture for Nestlé’s waters and premium beverages business.
This has been designed to establish a dedicated player with a strengthened focus to drive growth in a dynamic category.
Spanning more than 30 brands with products sold in 120 countries, Peranel includes iconic natural mineral water brands such as S.Pellegrino, Source Perrier and Acqua Panna, as well as premium and functional hydration beverages, the global Nestlé Pure Life brand and other leading local water brands.
As an independent company focused exclusively on water and premium beverages, Peranel will have full flexibility to invest in its brands and pursue growth opportunities. The business includes an in-house R&D team that has contributed to approximately 120 launches since 2022 and has built a robust product development pipeline.
"By partnering with Platinum Equity, Peranel will be better positioned to execute its strategy with enhanced agility," said Philipp Navratil, CEO, Nestlé.
"Through additional focus, it will be well equipped to drive its long-term growth ambitions by strengthening this unique portfolio of international and local brands, with continued investments in innovation, premiumisation, operational excellence and sustainability."
Platinum Equity is a global investment firm with approximately USD 48 billion of assets under management. Together with Nestlé's expertise in managing joint ventures, Platinum Equity will bring to Peranel three decades of experience with corporate divestitures, supporting management teams and leading complex transformation initiatives.
The transaction will be subject to employee consultation processes and applicable regulatory approvals and is expected to close in H1 2027.
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