Permira to sell Creganna Medical for $895 mln: UPDATED

By Luisa Beltran — 2 weeks ago

Permira said Tuesday that it has agreed to sell Creganna Medical to TE Connectivity for $895 million. Plymouth, Minnesota-based Creganna makes delivery devices for the minimally invasive vascular surgery market. Piper Jaffray advised Permira while Skadden, Arps, Slate, Meagher & Flom LLP was their attorney. UPDATE: Permira is expected to make 3.47x its money with the sale, according to a source familiar with the situation.

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Permira to sell PHARMAQ for $765 mln

By Chris Witkowsky — 3 months ago

Permira agreed to sell PHARMAQ, a health products company, to Zoetis, Inc. for $765 million on a debt-free basis. In the first half of 2015, PHARMAQ increased revenues by 24 percent and EBITDA by 44 percent compared to the same time period last year.

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Permira-backed Metalogix hires new CFO

By Iris Dorbian — 4 months ago

Metalogix, which is backed by Permira, has named Nick Margarites as chief financial officer. Previously, Margarites worked at SourceFire where he was vice president of finance and chief accounting officer. Headquartered in Washington, D.C., Metalogix is a provider of unified management software.

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UBS taps Goldman Sachs’ Justicz as MD

By Iris Dorbian — 6 months ago

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.

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TDR Capital to sell Lowell Group to Permira

By Iris Dorbian — 6 months ago

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.

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

By Iris Dorbian — 6 months ago

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.

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