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Topic: Permira

	Permira partners profit on deals, but critics are lining up - Marketplace by Bloomberg - International Herald Tribune
		Permira and CVC installed new management and, within two years, had cut a third of AA's 10,500-strong work force, including at least 500 of its roadside mechanics, whose yellow vans and jackets were instantly recognizable by drivers.
		Permira, which is seeking to raise as much as €10 billion, or $12.3 billion, for Europe's biggest buyout fund, is in the thick of it.
		Permira and Schroder Ventures Europe, which was the firm's name until 2001, earned an average of 31 percent annually from 1990 through 2005, compared with 7 percent for a basket of European stock indexes, according to a March report prepared for Permira's investors.
	www.iht.com /articles/2006/05/03/bloomberg/bxpermira.php (810 words)

	CAN - Permira Draft (Site not responding. Last check: 2007-09-09)
		Permira also recognises these challenges and the potential for social impact and brings a 20-year record of supporting business growth and transformation.
		CAN and Permira believe that this target group receives inadequate support and stimulus to achieve growth and this is where the greatest impact can be achieved.
		Permira is a leading private equity firm focused on supporting management in businesses that are either under performing, or not fulfilling their potential.
	www.can-online.org.uk /Services/SocialInvestment.asp (948 words)

	Permira Throws In The Towel For Giles' HMV - Forbes.com (Site not responding. Last check: 2007-09-09)
		"Permira is disappointed at the response of the board and believes that the revised 210 pence cash per share proposal represented a compelling proposition for the shareholders of HMV," the private equity house said in a statement.
		Permira sweetened the approach after HMV snubbed its initial 190 pence ($3.33) per share bid in February.
		Permira, which has reserved the right to make or participate in an offer within the next six months with the agreement or recommendation of the HMV's board, doesn't look as though it will sit about licking its wounds.
	www.forbes.com /2006/03/20/permira-giles-hmv-cx_cn_0320autofacescan08.html?partner=rss' (393 words)

	Permira tops its rivals with huge buyout fund - Marketplace by Bloomberg - International Herald Tribune
		Permira will be able to spend as much as €1.1 billion on every purchase, Sherwood said, more than twice what it could invest with its previous fund, a €5.1 billion pool raised in 2003.
		Permira and its predecessor firm, Schroder Ventures Europe, made an average return of 31 percent annually from 1990 through 2005, according to a report for Permira's investors.
		"Permira is widely regarded as one of the best European buyout funds, with a strong track record and substantial realizations over a long period of time," said Liz Mendizabal, a spokeswoman for the Washington State Investment Board, which oversees $69.9 billion of pension and other state funds.
	www.iht.com /articles/2006/07/04/bloomberg/bxpermira.php (592 words)

	Scotsman.com Business - Latest News - Permira to be Europe's largest buyout fund
		The size of Permira's fund and the speed with which it was raised highlight the investor interest boosting the private equity industry in the last few years.
		Permira, already well-known in Europe, is building its reputation in the United States, especially now that it has joined the ranks of Blackstone Group, Texas Pacific and KKR with funds of more than $13 billion.
		Permira's major investments with its previous fund included participation in the 12 billion euro buyout of Danish telecoms group TDC and in the buyout of British-based satellite company Inmarsat.
	business.scotsman.com /latest.cfm?id=975992006 (552 words)

	Permira's three-year pledge to Birds Eye workers \| \| Guardian Unlimited Business
		Private equity house Permira, made the pledge after clinching the deal with Unilever to take on the frozen foods business which is based in Walton-on-Thames.
		Permira is thought unlikely to have competition problems because its other investments are in unrelated areas, such as roadside rescue through the AA and gambling through Gala Coral.
		There has been speculation that Permira might follow up the Birds Eye acquisition with a move on the wider Findus group, but industry experts think this is unlikely because of regulatory issues.
	business.guardian.co.uk /story/0,,1860082,00.html (418 words)

	Permira (Site not responding. Last check: 2007-09-09)
		Permira comprend des entités différentes qui agissent individuellement comme consultants des Fonds Permira.
		Permira opère aussi à travers Permira Luxembourg S.àr.l.
		Permira n’est pas autorisée à commercialiser en France les fonds qu’elle gère ou qu’elle conseille.
	www.permira.fr /fr/termsandconditions.html (1368 words)

	RTE Business - Permira pulls out of race for HMV
		Private equity firm Permira has withdrawn its rejected bid for HMV Group, which had valued the music-to-books retailer at £845.4m sterling.
		Permira said it was 'disappointed' at last week's decision by the HMV board to turn down its cash offer.
		'Permira is disappointed at the response of the board and believes that the revised 210-pence-per-share proposal represented a compelling proposition for the shareholders of HMV,' the group said in an official statement to the London Stock Exchange today.
	www.rte.ie /business/2006/0320/hmv.html (116 words)

	Bloomberg.com: U.K.
		Permira is ``disappointed'' by the response of HMV's board to its ``compelling proposition,'' it said today in a statement.
		Permira said today it reserves the right to make another bid within six months if a third party enters, though some analysts don't expect that to happen.
		Permira, seeking to reclaim the title of Europe's biggest buyout firm, plans to raise 8.5 billion euros ($10.3 billion) for takeovers and surpass CVC Capital Partners Ltd, the fund said today in a statement.
	www.bloomberg.com /apps/news?pid=10000102&sid=aqVV2jahqC9k&refer=uk (451 words)

	Telegraph \| Business \| Leak of planned Britvic bid catches out Permira
		However, news of Permira's plans leaked out over the weekend, before it had finalised the details of its offer and the company was forced to issue a statement.
		In what appeared to be a move to pacify the Takeover Panel, Permira said it would not bid for six months, unless it either had a recommendation from the board or a rival tables a bid.
		The leak is the latest disappointment for Permira, which was forced last week to pull its float of travel company Hogg Robinson and has lost out on a couple of high-profile bidding battles this year.
	www.telegraph.co.uk /money/main.jhtml?xml=/money/2006/10/02/cnbritvic02.xml (409 words)

	Permira checks out of Travelodge with pounds 1bn sale Independent, The (London) - Find Articles
		Permira, the private equity group, is putting the budget hotel group Travelodge up for sale with a price tag of around pounds 1bn as it looks for a timely exit from its three-year investment.
		A sale is thought to be the most likely scenario, easily the "cleanest exit" for a private- equity business, and also because the budget hotel chain is expected to attract a lot of bid interest.
		If Permira decides to go for a sale, Whitbread, the leisure group that owns the larger rival Premier Travel Inn chain, is expected to throw its hat in the ring.
	www.findarticles.com /p/articles/mi_qn4158/is_20060327/ai_n16175803 (460 words)

	Permira
		Permira Europe II and Private Equity Partners today signed an agreement with the Marazzi family for the acquisition of 33% of the capital of Marazzi Gruppo Ceramiche S.p.A, the world's largest manufacturer of ceramic tiles.
		In keeping with the Marazzi Group’s strategic plan, which was prepared over the last few months by company management and presented to the financial community, Permira Europe II and Private Equity Partners have respectively agreed to acquire 28% and 5% of the Group.
		The strategic motivation behind the decision to admit two new financial partners to the company’s capital stems from the desire to implement a plan for industrial development that envisages wider international growth in traditional markets, especially in the United States, and in emerging markets like China, Russia, and the Far East.
	www.permira.fr /permira/fr/pressrelease.jsp?id=30663 (793 words)

	Permira's EUR570m offer to swallow Telepizza Independent on Sunday, The - Find Articles (Site not responding. Last check: 2007-09-09)
		The founding Ballve family partnered with Permira and had agreed to vote its 20.5 per cent stake in favour of the EUR572m deal, which would see the company delisted.
		If Permira does endup taking Telepizza home, the deal would be a boost for the group's operations in Spain, where it has managed to close just two buyouts since opening a Madrid office two and a half years ago.
		However, Permira could still lose out to Ibersol, the Portuguese restaurant group - though this is unlikely.
	www.findarticles.com /p/articles/mi_qn4159/is_20060521/ai_n16415309 (431 words)

	ShowNews Online: NBAA 2005
		Rumor has it that Permira paid around $545 million for Jet, but both it and outgoing owners the Hirschmann family are sworn to secrecy over the deal's value.
		Permira Funds is the former, and much respected, Schroder Investment Bank.
		Interestingly, Permira is often referred to by the German press as a UK company because its largest office is in London.
	www.aviationnow.com /shownews/05nbaa/topstor_1_10.htm (646 words)

	Permira
		Permira and Permira Entities: Permira comprises the various entities which each individually act as advisers or consultants in relation to the Permira Funds.
		Each of Permira Advisers, Permira Advisers (London) Limited and Permira Advisers LLP are regulated in the United Kingdom by the Financial Services Authority.
		The term "Partner" is used on this website as the title applied internally within Permira to certain senior professionals who are treated within Permira as partners, but does not necessarily imply the carrying on of a business as a partner or in partnership.
	www.permira.com /en/termsandconditions.html (995 words)

	Bloomberg.com: Europe (Site not responding. Last check: 2007-09-09)
		Permira, manager of Europe's No. 1 buyout fund until last year, is raising money after profiting from investments in companies such as Inmarsat Plc.
		Permira's last fund was a 5.1 billion-euro pool it raised in 2003.
		Permira traces its roots to the early 1980s, when Ferguson established a group of private equity funds focused on different countries around the world, backed by U.K. money manager Schroders.
	www.bloomberg.com /apps/news?pid=10000085&sid=atq85dQgkObE&refer=europe (786 words)

	EMI, Permira Talks Are Off
		In its press release, EMI said it "has not received an offer that fully reflects the prospects for and value of the company and which it could recommend to shareholders." The press release did not mention Permira by name, but it is widely believed the hopeful acquirer was Permira.
		EMI is thought to be looking for a bid in the range of 330 pence to 350 pence per share.
		A source told Reuters that Permira has no plan to come back with a new offer in the near future.
	www.coolfer.com /blog/archives/2006/12/emi_permira_tal.php (176 words)

	Permira stakes £200m on bingo \| \| Guardian Unlimited Business
		The venture capital firm Permira has bought a stake in the bingo and casino group Gala in a deal which values the Nottingham firm at £1.9bn, the companies announced yesterday.
		The move will see Permira invest about £200m to join the finance firms Candover and Cinven as joint owners of Gala with a 30% stake.
		Martin Clarke, partner at Permira, said: "We have been admirers of the Gala business for many years and approached Candover and Cinven because we have long believed the prospects for its business are strong.
	business.guardian.co.uk /story/0,3604,1552933,00.html (621 words)

	Permira Revises Bid For Giles' HMV - Forbes.com (Site not responding. Last check: 2007-09-09)
		Struggling British music and books retailer HMV Group is chewing over a revised £842 million ($1.46 billion) bid from London-based Permira, a leading private equity firm with about $13 billion to throw around.
		HMV--which also owns the bookseller chain Waterstone's--rejected Permira's original 190 pence ($2.26) per share indicative bid in February, saying the offer undervalued the company, and refused to enter into any discussions with the suitor, which takes its name from the Latin for "very surprising, very different".
		Alan Giles' HMV Group--which has been hit by a decline in consumer spending blamed on falling property prices, growing economic uncertainty, growing competition from supermarkets, Internet retailers, and online music download services--added it was now considering the revised proposal, adding that "a further announcement would be made in due course".
	forbes.com /2006/03/10/giles-hmv-permira-cx_cn_0310autofacescan07.html (326 words)

	Clifford Chance and Permira link up for pro bono initiative - 31 July 2006
		Permira partner Ian Sellars said that the organisation's link with Clifford Chance was not as formal as the firm's partnership with Barclays, but would see them team up to assist not-for-profit law firm Law For All.
		Permira has recently begun providing funding and volunteering partner and staff time to Law For All as part of the 'Breakthrough' initiative, launched in conjunction with the Community Action Network last week (25 July).
		The initiative sees Permira working alongside Clifford Chance, which had already been seconding 16 junior lawyers to Law For All on a rotational basis each year for around 10 years.
	www.thelawyer.com /cgi-bin/item.cgi?id=121177&d=122&h=24&f=46 (326 words)

	Tornado Insider - News - SVG Capital and Permira formalize relationship
		To strengthen further the relationship and align the interests of Permira with SVG Capital’s shareholders and the performance of the Permira Funds, SVG Capital will be issuing 6 million shares at 8.65 to Permira Capital, representing an investment of 51.8 million in SVG Capital.
		At the end of 2004, the firm had net assets of 975 million and uncalled commitments of 670 million to a portfolio of private equity funds, the majority of which are advised by Permira.
		Permira is an international private equity specialist owned and controlled by its partners.
	www.tornado-insider.com /news/Article.asp?id=13605 (380 words)

	Telegraph \| Business \| Permira pledges ¬1m cash for social enterprise
		British private equity house Permira is to launch a two-year philanthropic initiative investing time and money into the social enterprise sector.
		Permira is one of a growing number of venture capitalists including Alchemy and Terra Firma attempting to overturn years of perceived negative publicity by giving something back to the community.
		Permira is not the only venture capitalist to become involved in the sector, with the likes of Terra Firma's Guy Hands and wife Julia, and Alchemy's Jon Moulton investing in the Impetus Trust, which describes itself as a pioneer of "venture philanthropy".
	www.telegraph.co.uk /money/main.jhtml?xml=/money/2006/07/24/cnperm24.xml (416 words)

	Sanko Estate - Case Studies - Permira Advisers KK (Site not responding. Last check: 2007-09-09)
		Permira are a European-based global private equity firm and we undertook our search for Tokyo commercial space in parallel with establishing our Japanese office, Permira Advisers KK.
		Over the course of our search, Sanko arranged for inspections of perhaps 20 properties, and it's only when you start looking at specific properties that decisions can be made about what you need, such as whether the building should be new or existing, its floor space and location.
		My advice to other firms intending to lease Tokyo office space is to begin your search early, ideally a year before you intend to move in.
	www.sankoestate.com /clients/permira.html (422 words)

	Indiantelevision.com > News Headlines > Permira and KKR acquire SBS Broadcasting S.A.
		PKS Media CEO Markus Tellenbach will retain his post and will also be appointed to the board of directors of the new holding company for the SBS group, along with Harry Evans Sloan, former executive chairman of SBS, and Juergen Von Schwerin, who will continue as chief financial officer.
		The new board will also include Lord Hollick, a KKR executive, as chairman, Götz Mäuser, a Permira partner, as vice chairman, Arnold Bahlmann, a former member of Bertelsmann's executive board and an advisor to Permira, Katrin Wehr-Seiter of Permira and ohannes Huth and Dominic Murphy of KKR.
		SBS Broadcasting S.A., the former holding company, which is being renamed "TVSL, société anonyme", is now entering into a liquidation process under which it will distribute the proceeds of the asset sale and certain other amounts to SBS shareholders and holders of SBS stock options.
	www.indiantelevision.com /headlines/y2k5/oct/oct233.htm (322 words)

	[No title] (Site not responding. Last check: 2007-09-09)
		Permira was forced on the back foot this weekend when news emerged that it had secretly built up a 5% stake in Britvic and was mulling a potential 600 million-pound bid for the Tango and Pepsi maker.
		Permira shelved the unfinalized bid and issued a statement saying it wouldn't bid for six months, unless it either had a recommendation from the board or a rival bid emerged.
		The news on Britvic and Misys is the latest in a series of disappointments for Permira, which was forced last week to pull its float of travel company Hogg Robinson and has lost out on a couple of high-profile bidding battles this year.
	www.marketwatch.com /News/Story/F0fRNBSS0t9nT0zd1xJP3sl?siteid=mktw&dist=TNMKTW (799 words)

	Vivendi was approached by Permira - Financial Times - MSNBC.com (Site not responding. Last check: 2007-09-09)
		Permira, the UK private equity group, also approached Vivendi before the French media and telecommunications group's abortive discussions with Kohlberg Kravis Roberts, it has emerged.
		Jacques Espinasse, chief financial officer of Vivendi, said Permira and KKR originally made a joint overture to discuss taking a 20 per cent stake in the group.
		Mr Espinasse said Permira and KKR had expressed their intention not to break up the group, whose assets range from record labels and video game producers to telecom and broadband investments.
	www.msnbc.msn.com /id/15805942 (646 words)

	Permira
		The deal is subject to antitrust clearance and is expected to be closed by the end of September 2005.
		Permira is a leading international private equity specialist.
		Since 1985, the Permira Funds have completed over 270 private equity transactions and since 2004, the Permira Funds have committed to 8 transactions with a combined transaction value in excess of Euro 13 billion.
	www.permira.fr /permira/fr/pressrelease.jsp?id=30680 (407 words)

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