Twitter LinkedIn
    Thursday, August 18
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Nestle to sell N.American water brands for $4.3 billion to One Rock Capital Partners and Metropoulos & Co
    Deals & Transactions

    Nestle to sell N.American water brands for $4.3 billion to One Rock Capital Partners and Metropoulos & Co

    February 17, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Nestle said recently it would sell Pure Life and some North American water brands for $4.3 billion, to One Rock Capital Partners and Metropoulos & Co. The sale includes brands such as Poland Spring, Deer Park, Ozarka, Ice Mountain, Zephyrhills, Arrowhead and Splash, as well as U.S. office beverage delivery service ReadyRefresh.

    New York-based One Rock said Dean Metropoulos, founder of Metropoulos & Co, would become Nestle Waters North America’s chairman and interim chief executive officer after the deal closes.

    “As a private company, the business is expected to have greater resources and flexibility to drive continued growth, strengthen its existing operations,” One Rock partner Kimberly Reed said.

    One Rock manages about $3.2 billion of committed capital across three flagship funds.

    Read more at: Reuters

    By Shubham Kalia in Bengaluru and Devika Syamnath

    Image Source

     

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Mergers and acquisitions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Denham Capital to sell Nexif Energy’s portfolio to RATCH Group in deal worth $1B

    August 17, 2022

    KKR acquires Barracuda from Thoma Bravo

    August 17, 2022

    Thoma Bravo completes $6.9B SailPoint acquisition

    August 17, 2022

    Nearmap shares surge as Thoma Bravo offers over $750m for Australian aerial mapping company

    August 16, 2022

    Comments are closed.

    Other Articles

    TVM Capital Healthcare exits Cambridge Medical and Rehabilitation Center

    March 1, 2021

    Private equity firm CVC bags A Bathing Ape while it eyes expansion

    June 3, 2021

    H.I.G. Capital Completes Strategic Investment into eHealth

    May 17, 2021

    Global Private Equity Partners provides USD 1.8 Billion debt package to Oil Refining Company

    February 23, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?