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January 14, 2009

Breaking Up is Hard to Do: Investors Fleeing PE Commitments Pay the Price

Investors seeking to exit private equity commitments will pay a steep price, if Permira's terms set the standard.

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January 13, 2009

Debt Drives Premier Foods, Largest UK Food Group, into the Arms of…Private Equity

Struggling under a mountain of acquisition-induced debt, the UK's Premier Foods is reportedly seeking a large cash injection from private equity investors in order to shore up its wobbly capital structure and avoid breaching loan covenants.

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March 18, 2008

Permira Overruns Union, Management Opposition to Squeeze 'Special Dividend' Out of Fashion Firm Hugo Boss

Buyout funds continue to squeeze cash out of the companies they acquire in order to pay off debt and get their money out early.

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March 11, 2008

Permira's Arysta Buyout Takes PE into Agrochemicals

Following earlier advances into agricultural commodity/supply chains and food testing documented on this site, private equity is now staking a claim in the agrochemicals sector.

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September 26, 2007

The Carlyle Model: Permira Recruits Former Dutch Finance Minister

Gerrit Zalm, the former Dutch Minister of Finance and Deputy Prime Minister who served in various cabinets for the center-right liberal party VVD until February this year has joined Permira as an advisor.

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February 26, 2007

Fishupdate.com: Birds Eye protest moves to Germany

"THE continuing union protest over the closure of the Birds Eye fish factory in Hull has moved onto the international stage this week.

The GMB Union has flown protestors from the plant and other threatened industries to Germany to demonstrate outside the Super Return Conference in Frankfurt, the private equity industry's annual flagship event."

Read more:
http://www.fishupdate.com/news/fullstory.php/aid/6772/Birds_Eye_protest_moves_to_Germany.html

February 25, 2007

Article in The Observer (UK) Cites IUF Call for Labour Party Action on Leveraged Buyouts

"MPs will this week be urged to launch a wide-ranging inquiry into the 'epidemic of leveraged buyouts and the damage they cause to companies and the economy'. The call comes from the IUF, an international union representing workers in the food, agricultural, hotel, restaurant, catering and tobacco industries. The IUF's Peter Rossman, one of the most respected critics of the sector, will meet with the trade union group of Labour MPs on Tuesday."

Click here to read the article in THE OBSERVER: "Permira criticises pay 'voyeurism'", Sunday February 25, 2007

February 21, 2007

A Goldman Sachs buyout of Unilever?

In March 2006, financial market analysts speculated that Goldman Sachs is putting together a group of private-equity funds to make a £30 billion bid for Unilever in its entirety and taking the company private.

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