date:Jul 10, 2012
ownership of Permira for six years.Permira has paid down much of Iglo's debt, leaving it with netdebt of 1.4 billion euros, or about four times last year'searnings before interest, tax, depreciation and amortisation.But the International Financial Review quoted unnamed investorsas saying the refinancing is a bad idea, and that Permira shouldhave worked to build up Iglo until it was worth the 2.8 billionit sought -- Blackstone and BC refused to go above 2.5 billion.
The recapitalization will inc