Finance
Nestle Pushes Ahead With About $5.75 Billion Perrier and San Pellegrino Deal, Ft Reports
Published by Global Banking & Finance Review®
Posted on March 27, 2026
2 min readLast updated: March 27, 2026
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Nestlé is advancing the sale of a 50% stake in its water business—home to brands like Perrier and S.Pellegrino—potentially valuing it at around €5 billion (~$5.75 billion), with private equity firms including CD&R, KKR, PAI, and Platinum Equity among the bidders.
Nestle pushes ahead with about $5.75 billion Perrier and San Pellegrino deal, FT reports
Progress and Details of Nestle's Water Business Stake Sale
Advancement of Bidding Process
March 27 (Reuters) - Nestle's sale of a multibillion euro stake in its water business has moved forward, with private equity firms CD&R, KKR and PAI advancing to the next round of bidding for the stake, the Financial Times reported on Friday.
Valuation and Interested Parties
Estimated Value of the Deal
The 50% stake sale could value the business at about 5 billion euros ($5.75 billion), and Platinum Equity has also expressed interest in the deal, the report said, citing people familiar with the matter.
Responses from Stakeholders
Reuters could not immediately verify the report. Nestle, KKR, PAI and Platinum Equity did not immediately respond to requests for comment. CD&R declined to comment.
Background and Strategic Moves
Brands Involved in the Sale
Nestle has been working with investment bankers to explore a stake sale in its European water business, which includes brands such as San Pellegrino, Perrier and Acqua Panna, with bids due earlier this month, according to the report.
Advisory and Retention Plans
Role of Rothschild
The Swiss food giant had hired Rothschild to advise on the sale of its water division, Reuters previously reported, adding that Nestle was aiming to retain a stake in the business.
Additional Information
($1 = 0.8693 euros)
(Reporting by Bipasha Dey in Bengaluru; Editing by Shreya Biswas and Devika Syamnath)
Key Takeaways
- •A formal sale process for Nestlé’s water division, valued near €5 billion, was launched in early 2026, with Rothschild & Co and Deutsche Bank advising on the deal. (foodnavigator.com)
- •Private equity suitors advancing to the next bidding round include CD&R, KKR, PAI, and Platinum Equity. (lemonde.fr)
- •The sale reflects Nestlé’s broader strategy under CEO Philipp Navratil to pivot toward core brands and potentially deconsolidate the water business by 2027. (lemonde.fr)
References
Frequently Asked Questions about Nestle pushes ahead with about $5.75 billion Perrier and San Pellegrino deal, FT reports
1Which companies are bidding for Nestle's water business?
Private equity firms CD&R, KKR, PAI, and Platinum Equity are advancing to the next round of bidding for Nestle's water business stake.
2What is the estimated value of the Nestle water business stake?
The 50% stake in Nestle's water business could be valued at about 5 billion euros, or $5.75 billion.
3Which water brands are included in the Nestle sale?
The sale involves a stake in Nestle's Perrier and San Pellegrino water business.
4Has the sale been confirmed by all parties involved?
Reuters could not immediately verify the Financial Times report on the sale progress.
5Which currency conversion rate is mentioned for the deal?
The report mentions an exchange rate of $1 to 0.8693 euros.