Nestle’s Longtime PE Partner Drops Out of Bidding for Perrier

Nestle SA’s long-time private equity partner, PAI Partners, has dropped out of the bidding for the consumer giant’s water business, people with knowledge of the matter said.

By Ruth David, Swetha Gopinath · Bloomberg Markets

Nestle SA’s long-time private equity partner, PAI Partners, has dropped out of the bidding for the consumer giant’s water business, people with knowledge of the matter said.