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Private equity giants KKR, CD&R and PAI Partners are pushing forward on a bid for a 50% equity stake in Nestlé’s water and premium beverages division. The division, which comprises brands like Perrier and S.Pellegrino, is valued at approximately $5.75 billion.
Blackstone, Bain Capital and Platinum Equity have also shown interest in the sale, sources told Reuters.
Rothschild & Co. is understood to be advising on the sale process. Sources also told Bloomberg that bankers are working on debt financing of up to 2 to 3 billion euros (~$2.3 billiion to $2.45 billion) to fund the possible transaction.
Last year, Nestlé announced that it would be restructuring …
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