Platinum Equity

Platinum Equity, a global investment firm and Nestle, the food and beverage group have announced plans to create a 50 / 50 joint venture named Peranel for Nestle waters and premium beverages business. Assigning an enterprise value of $5.6 billion (€4.9 billion) to Peranel, the transaction covers a portfolio of more than 30 brands sold in 120 countries, including S.Pellegrino, Source Perrier, Acqua Panna and Nestle Pure Life. Headquartered in …