PAI Partners Drops Out of Nestle Water Business Bidding
PAI Partners has reportedly exited the bidding process for a 50% stake in Nestle's water unit. Clayton Dubilier & Rice and Platinum Equity remain interested in the business, which includes the Perrier brand, following the recent withdrawal of KKR.
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PAI Partners has withdrawn from the bidding process for a 50% stake in the water business of Nestle SA, according to Bloomberg News. The deal involves brands such as Perrier and has attracted interest from several major private equity firms. People with knowledge of the matter said Clayton Dubilier & Rice and Platinum Equity remain in the race for the stake.
