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

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Platinum Equity LLC published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.