Deals
Buyout Firms Circle Nestle’s €5 Billion Water Business
A bird's nest logo sits on display at the Nestle SA headquarters in Vevey, Switzerland, on Wednesday, Feb. 12, 2019.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
PAI Partners and Bain Capital are among buyout firms considering bids for Nestle SA’s water business, which could be valued at about €5 billion ($5.4 billion) or more in a deal, according to people familiar with the matter.
Clayton Dubilier & Rice and KKR & Co. have also been studying the business, said the people, who asked not to be identified as the information is private. Nestle may retain a stake in the unit in any transaction, the people said. Nestle is likely to appoint investment banks to advise on options for the water business in the coming days, they said.