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PAI Partners drops out race for Nestlé water assets

privateequitywire

2 months ago

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Private equity firm PAI Partners has followed KKR in withdrawing from the bidding process for a potential 50% stake in Nestlé’s water business, which includes brands such as Perrier, according to a report by Bloomberg.
The sale process continues to attract interest from a reduced field of buyout firms, with Clayton Dubilier & Rice and Platinum Equity still understood to be in contention.
Neither Nestlé, PAI Partners nor KKR reportedly commented on the development. Clayton Dubilier & Rice...

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