Platinum Equity secures bank concessions for Nestlé water deal

Nestlé: Nestlé is a multinational consumer goods company with extensive operations in food, beverages, and bottled water. It is divesting a stake in its water business to Platinum Equity through a transaction supported by bank financing with unusual lender protections. Platinum Equity: Platinum Equity is a private equity firm that pursues leveraged buyouts and operational improvements across industries. The firm is acquiring a stake in Nestlé’s water business, with financing from banks that included a rare concession to close the deal. Deal Structure: The transaction centers on Platinum Equity purchasing a stake in Nestlé’s water business. Financing Terms: Banks added rare lender protections to the debt package supporting the acquisition financing.