OC&C supports Platinum Equity on the creation of Peranel

We are delighted to have supported Platinum Equity on its agreement with Nestlé to create Peranel, a new standalone leader in water and premium beverages. OC&C provided commercial support to Platinum Equity on this landmark transaction.

Peranel will combine Nestlé’s globally recognised waters and premium beverages business into a dedicated platform spanning more than 30 brands sold across 120 countries. Its portfolio includes iconic brands such as S.Pellegrino, Perrier, Maison Perrier, and Acqua Panna alongside a range of premium, functional and local water brands.

As a focused standalone business, Peranel will be well positioned to accelerate both organic and inorganic growth in a category supported by long-term consumer demand for health, wellness, hydration and premiumisation.

Platinum Equity brings three decades of experience in complex carve-outs and operational transformation, making it well placed to partner with Nestlé in establishing Peranel as an independent global business. The joint venture combines Platinum Equity’s operational expertise with Nestlé’s world-class brand portfolio, innovation capabilities and category leadership, creating a strong platform for future value creation. The transaction is expected to complete in the first half of 2027, subject to customary approvals.

OC&C and Private Equity

OC&C is a leading global strategy consultancy with deep expertise across Consumer Goods, Retail and Leisure. We work with investors and management teams to provide the commercial insight needed to make confident investment decisions and deliver long-term value.

How we help:

• Commercial due diligence and vendor due diligence.
• Value creation strategy and portfolio acceleration.
• Market, customer and competitive assessment.
• Strategic support across the investment lifecycle.

We are proud to have supported Platinum Equity on this significant transaction and wish the teams at Platinum Equity, Nestlé and Peranel every success in the next chapter of the business.

For more information, contact our experts or email [email protected].