date:Jun 28, 2012
Blackstone and BC Partners, which are the last remaining bidders in the race for Iglo, teamed up last week to offer a final bid for the company.
By partnering together, the companies sought to share the burden of a large equity investment and put pressure on Permira to accept a lower deal price. However, Permira rejected the offer as too low, according to people familiar with the situation.
Permira is already preparing a long-term strategy for Iglo under its ownership. However, Iglo might still