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FT: Permira plots path to recovery with IPOs, Oct. 14, 2009
Permira, one of Europe’s biggest private equity groups, on Wednesday promised to return “a wall of cash” to investors by floating or selling a substantial number of its portfolio companies, adding to growing optimism among buy-out bosses.
The company’s defiant message follows a tough year for the group, which wrote down its portfolio by 36 per cent and shrank its latest fund from €11.1bn to €9.6bn due to difficulties at its biggest investor, SVG Capital.
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