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Warburg Pincus Overtakes Permira in Survitec Race

Posted on: December 1, 2009 by PEHub AdministratorNo Comments »

LONDON (Reuters) – Montagu Private Equity has ended exclusive talks about selling Survitec to rival Permira, leaving Warburg Pincus frontrunner to buy the maker of life rafts and life jackets, people familiar with the matter said. The latest twist in a sale that has been in the works since at least March highlights the continuing [...]

Permira In Exclusive Talks for Survitec

Posted on: November 6, 2009 by PEHub AdministratorNo Comments »

LONDON (Reuters) – European buyout house Permira has entered exclusive talks to buy survival equipment maker Survitec from rival Montagu Private Equity, a source familiar with the process said. Permira beat off bids from Warburg Pincus and Carlyle Group to get exclusive access to Survitec’s books in the last few days, the source said. Montagu [...]

Montagu Narrows Field of Survitec Bidders

Posted on: September 18, 2009 by PEHub AdministratorNo Comments »

LONDON (Reuters) – Private equity firm Montagu has whittled down the field of bidders for survival equipment maker Survitec to a handful of potential trade and private buyers, sources familiar with the process said. Between six and eight buyers have progressed to the second round of the auction, two sources said. Some buyers met with [...]