date:Jul 12, 2012
firms Blackstone and BC Partners, which had earlier jointly offered 2.5bn for the business.
Permira, which was expecting a bid of 2.8bn, cancelled the sale of Iglo and plans to grow the business.
Permira noted that the momentum in the business is strong and its current capital structure gives it the flexibility to pursue both its organic growth strategy and explore further acquisition opportunities.
According to sources close to the company, Permira would continue to own Iglo for the next two t