date:Jul 12, 2012
Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise nearly 1.9bn, which would have allowed the equity firm to refinance 1.4bn debt of Iglo and pay itself a dividend of 500m to 600m. However, Permira decided to drop the dividend recapitalization plan after it could not attain the level of dividend payout it expected, according to investors.
Permira decided to refinance the debt of Iglo after it rejected the second bid from private equity