Sterling Partners and Permira-led group complete eBay enterprise unit buyout

By Iris Dorbian — 3 months ago

A consortium comprised of Sterling Partners, Longview Asset Management, Sterling Partners‘ portfolio company Innotrac Corp and companies owned by Permira Funds have closed its previously announced acquisition of eBay’s enterprise unit for $925 million. As a result of the transaction, Sterling Partners now owns eBay’s enterprise operations and enterprise technology services while Permira Funds owns the Magento commerce technologies’ business, the marketing solutions business and the CRM business.

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Qatar Investment Group Buys Valentino Fashion

By Angela Sormani — 4 years ago

Mayhoola for Investments, an investment vehicle backed by a major private investor group from Qatar, is to acquire Valentino Fashion Group from Red & Black, a company indirectly controlled by Permira Funds in partnership with the Marzotto family. Red & Black acquired control of the fashion label through in 2007, as part of a wider […]

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Permira to Aquire Genesys In $1.5 Bln Deal

By Luisa Beltran — 4 years ago

Permira on Wednesday offered to buy Genesys from Alcatel-Lucent in a deal valued at $1.5 billion. Technology Crossover Ventures, and certain co-investors of the Permira funds, are also taking part in the deal. The transaction, subject to review by Committee of Foreign Investment in the U.S., is expected to close by the end of 2011 or the beginning of 2012. Daly City, Calif.-based Genesys supplies enterprise software and services.

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Renaissance Gets Offer from Thoma Bravo/HarbourVest But Recommends Lower Permira Bid

By Luisa Beltran — 4 years ago

Renaissance Learning said yesterday that it did receive a definitive buyout proposal from Plato Learning that is backed by Thoma Bravo and HarbourVest Partners. Plato is bidding $15.50 a share cash, which includes $128 million equity plus $410 million in debt. However, Renaissance’s board said it is still recommending a lower offer from Permira Funds. Permira is offering $14.85 a share cash.

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