NetApp names Permira senior advisor as lead independent director

NetApp said Monday that current board chairman and former CEO Dan Warmenhoven will step down from his position. NetApp CEO Tom Georgens will replace him as board chairman. Also, Nicholas Moore, a lead independent director at NetApp, will retire from the board . Michael Nevens, a senior advisor at private equity fund Permira, will become lead independent director. Based in Sunnyvale, Calif., NetApp is a provider of storage and data management solutions.


eDreams ODIGEO prices IPO

eDreams ODIGEO, an online travel company has announced the final offer price in its Initial Public Offering. The commencement of trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges is expected to take place on April 8, 2014 under the symbol EDR. The company is backed by Permira and Ardian funds.

Seat Pagine Gialle shareholders back restructuring plan – Reuters

Shareholders in Italy’s Seat Pagine Gialle gave the go ahead for a plan aimed at relaunching the heavily indebted Italian yellow pages publisher, allowing creditors to take control of the struggling company, writes Reuters. The company has struggled to manage its debt pile following a buyout in 2003 by private equity companies CVC, Permira and Investitori Associati.

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peHUB First Read

This morning there is fundraising news aplenty from Permira, PTV and Terra Firma, CalPERS is recruiting for investment officers and TPG is contemplating going public.

Just Retirement prices London share listing – Reuters

Britain’s Just Retirement, a provider of pensions to retirees with health problems, was valued at 1.1 billion pounds ($1.8 billion) in its London listing, writes Reuters. Just Retirement, backed by private equity group Permira, priced the sale of a 30.5 percent stake at 225 pence per share, the middle of its original 200p to 250p range.

Bestinvest acquired by Permira portfolio co

UK wealth manager and online investment service Bestinvest has been acquired by a company owned by the Permira funds for an undisclosed sum. The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2014.

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