Nestlé Sells Stake in Polish Water Brand Nałęczowianka to Platinum Equity

Nestlé is divesting a 50% stake in its Polish water brand Nałęczowianka, along with other premium water and beverage brands, to the investment firm Platinum Equity. The move creates a new joint venture called Peranel, which will focus on accelerating growth within the dynamic premium water and beverage sector.

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Thanks to the partnership with Platinum Equity, Peranel will be prepared to execute the strategy with greater flexibility.

Peranel will encompass over 30 brands sold in 120 countries, including well-known names like S.Pellegrino, Perrier, and Acqua Panna, as well as Nestlé Pure Life and local brands such as Nałęczowianka. As an independent entity dedicated to premium water and beverages, Peranel will have the flexibility to invest in its brands and pursue growth opportunities. The company boasts an R&D team that has launched approximately 120 products since 2022.

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Thanks to the additional focus, the company will be well prepared to implement growth plans by strengthening the portfolio of international and local brands.

The transaction is valued at 4.9 billion euros, with Nestlé set to receive around 3 billion euros in cash upon completion. Platinum Equity, a global investment firm managing approximately $48 billion in assets, will co-own Peranel. Nestlé anticipates that this partnership will enhance Peranel's strategic execution and growth potential.

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Peranel represents an extraordinary collection of brands that consumers know and trust around the world.

Philipp Navratil, president of Nestlé Waters, stated that the partnership with Platinum Equity will better position Peranel to execute its strategy with greater flexibility and focus. Igor Chacartegui, managing director at Platinum Equity, expressed enthusiasm for collaborating with Nestlé to expand Peranel's reach and support its organic growth, adding that Platinum Equity will leverage its M&A capabilities to enhance the existing portfolio.

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We look forward to collaborating with Nestlé to expand the reach and support further organic growth. We will also bring our M&A capabilities to help grow and improve Peranel's existing portfolio.