date:Jul 10, 2012
Permira lined up refinancing with Credit Suisse and DeutscheBank after snubbing a joint offer for the company fromBlackstone and BC Partners - the last remaining bidders in asales process last month - and ending what would have been oneof the largest leveraged buyouts of the year. Permira boughtIglo group from Unilever for 1.7 billion euros in 2006.
The business, which includes Birds Eye fish fingers and frozenpeas, generated sales in excess of 1.1 billion euros last yearand has been under the