Nestlé Waters sells 50% stake to Platinum Equity, creating Peranel
Nestlé Waters agreed to sell a 50% stake in its waters business to Platinum Equity, spinning its Waters and Premium Beverages operations into a new standalone company, Peranel. Peranel will house 30+ global water and beverage brands and is expected to rely on growth, efficiency and regulatory compliance. Nestlé and Platinum each hold 50%, but governance details were not disclosed.