UBS taps Goldman Sachs’ Justicz as MD

UBS has named Max Justicz as a managing director in its Americas Financial Sponsors group, the company announced today in a memo. Justicz will join UBS in the fall and be coming from Goldman Sachs. There he has served as primary coverage banker for various private equity firms and their portfolio companies that include Carlyle, CVC Capital, BC Partners, Permira, Riverstone, Silver Lake, Jordan, New Mountain Capital, Oak Hill and CCMP Capital.


TDR Capital to sell Lowell Group to Permira

Permira has agreed to buy UK-based Lowell Group, a provider of credit management solutions. The seller is TDR Capital. No financial terms were disclosed. As a result of the deal, Permira will merge Lowell Group with GFKL, a Germany-based provider of receivables management services. Also, Ontario Teachers’ Pension Plan and Lowell management will remain shareholders.


Permira and CPPIB complete $5.3 bln take-private buyout of Informatica

Permira and Canada Pension Plan Investment Board have closed its previously announced take-private acquisition of Informatica Corp, a data integration software provider. The value of the acquisition is about $5.3 billion. As a result of the deal, Informatica’s stock has stopped trading on the NASDAQ.  In addition to the transaction, Microsoft and Salesforce Ventures have made an undisclosed investment in Informatica. Also, Informatica has named Anil Chakravarthy as acting CEO while Bruce Chizen, former Adobe CEO, has been added to the board and will serve as a special advisor.


EBay sells enterprise unit to Permira consortium: Reuters

E-commerce company eBay Inc (EBAY.O) said it was selling its enterprise business to a consortium led by private equity firm Permira for $925 million, as it streamlines its operations ahead of the separation from PayPal Holdings Inc (PYPLV.O).


Permira closes Medora, Ideal Snacks buy

Permira said Wednesday it had closed its previously announced buy of Medora Snacks LLC and Ideal Snacks Holding Corp. Permira has combined Medora and Ideal under a holding company called BFY Holdings.


Permira inks buy of Medora, Ideal Snacks

Permira said Wednesday that it agreed to buy Medora Snacks LLC and Ideal Snacks Holding Corp. Financial terms weren’t announced. Permira is combining the two companies under a single holding company, BFY Holdings I LLC. Middletown, New York-based Medora makes snacks like PopCorners, PopCorners Whole Grain and Pop Crinkles. Ideal, of Liberty, New York, is a contract manufacturer of popped snacks. Akin Bay Company LLC advsied Permira, while Houlihan Lokey was the advisor to Medora and Ideal.


Nomad completes Iglo Group acquisition

Nomad Holdings Limited has closed its buy of European frozen food company Iglo Foods Holdings Limited for approximately 2.6 billion euros. The seller was Permira, which has re-invested 133.5 million euros of its sale proceeds into Nomad. Permira now owns about a 9 percent stake in Nomad.


Permira to sell Iglo Group to Nomad for 2.6 bln euros

Permira has agreed to sell Iglo Foods Holdings Limited to Nomad Holdings Limited for 2.6 billion euros. The deal is expected to close in the second quarter of this year. Centerview Partners was exclusive financial advisor to Permira while Barclays and UBS Investment Bank were financial advisors to Nomad. Europe-based Iglo Group is a provider of frozen food.

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