Linklaters advised Nestlé on its plan to create Peranel, a 50:50 joint venture with Platinum Equity for Nestlé’s waters and premium beverages business, designed to establish a dedicated player with 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.
The transaction is subject to employee consultation processes and applicable regulatory approvals and is expected to close in H1 2027. It assigns an enterprise value to Peranel of €4.9bn (CHF4.5bn).
The mandate further reinforces Linklaters’ leading position advising on complex, global cross-border separations, joint ventures and carve-out transactions. The firm regularly advises multinational corporates, investors and sponsors on transformational transactions across the consumer, retail and food and beverage sectors.
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