Latest Permira Stories

CALHOUN, Ga., Dec. 20, 2012 /PRNewswire/ -- Mohawk Industries, Inc. (NYSE: MHK) today announced that the Company has entered into a definitive agreement to acquire the Marazzi Group, which will make Mohawk the worldwide leader in ceramic tile. The Marazzi Group is a leading manufacturer and marketer of ceramic tile in all its major geographies, including Russia, the United States, Italy, France and Spain. Marazzi's 2011 revenues were about EUR833 million, or $1.16 billion, with...

WISCONSIN RAPIDS, Wis., Oct. 10, 2012 /PRNewswire/-- Renaissance Learning, Inc., a leading provider of technology-based school improvement and student assessment programs for K12 schools, today announced that John ("Jack") J. Lynch, Jr. has been named Chief Executive Officer, effective November 5, 2012. He will succeed Glenn James, who by mutual agreement with the Company's Board of Directors has left the company to pursue other opportunities. Renaissance Learning's...

WISCONSIN RAPIDS, Wis., Oct. 19, 2011 /PRNewswire/ -- Renaissance Learning, Inc. (Nasdaq: RLRN) (the "Company"), a leading provider of technology-based school improvement and student assessment programs for K-12 schools, today announced the successful completion of its acquisition by a company owned by the Permira Funds. (Logo: http://photos.prnewswire.com/prnh/20001108/RENAISSANCELOGO) As previously announced, the transaction was approved by the Company's shareholders at a special meeting...

WISCONSIN RAPIDS, Wis., Oct. 17, 2011 /PRNewswire/ -- Renaissance Learning, Inc. (Nasdaq: RLRN), a leading provider of technology-based school improvement and student assessment programs for K-12 schools, announced today that its shareholders approved the agreement and plan of merger dated August 15, 2011, as amended, among Renaissance Learning and affiliates of the Permira Funds. Renaissance Learning and the Permira Funds intend to close the transaction on October 19, 2011. (Logo:...

WISCONSIN RAPIDS, Wis., Oct. 10, 2011 /PRNewswire/ -- Renaissance Learning, Inc. (Nasdaq: RLRN), a leading provider of technology-based school improvement and student assessment programs for K-12 schools, announced today that it has received an unsolicited, revised definitive acquisition proposal from Plato Learning, Inc. ("Plato Learning"). Under the revised definitive proposal, Plato Learning proposes to acquire all of the outstanding shares of Renaissance Learning for an aggregate...

NEW YORK, Oct. 5, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Renaissance Learning, Inc. ("Renaissance Learning" or the "Company") (NASDAQ: RLRN) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a company formed at the direction of the Permira Funds. Under the terms of the transaction, the co-founders of the Company, who control 60 percent of Renaissance Learning shares, will...

WISCONSIN RAPIDS, Wis., Aug. 16, 2011 /PRNewswire/ -- Renaissance Learning, Inc. (Nasdaq: RLRN), a leading provider of technology-based school improvement and student assessment programs for K-12 schools, and the Permira Funds today announced they have entered into a definitive merger agreement under which a company formed at the direction of the Permira Funds will acquire all of the outstanding shares of Renaissance Learning for $14.85 per share in cash, or approximately $440 million....

MINNEAPOLIS, Aug. 15, 2011 /PRNewswire/ -- Cargill has made a binding offer to acquire Provimi, the global animal nutrition company, for an enterprise value of euro 1.5 billion from Permira funds, the private equity firm which owns Provimi. Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals. Cargill plans to acquire Provimi's worldwide animal nutrition business, which has operations in 26 countries and...

MUNICH, January 13, 2011 /PRNewswire/ -- Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, "KKR") and funds advised by Permira ("Permira Funds") announce that Lavena Holding 5 GmbH, the holding company held jointly by KKR and the Permira Funds, is intending to sell in the market a total of 8 million preference shares, representing approximately 3.7% of the total share capital of ProSiebenSat.1 Media AG ("P7S1"), by way of an accelerated book building to institutional...

LUDWIGSHAFEN, Germany, Dec. 10, 2010 /PRNewswire/ -- BASF successfully completed its acquisition of Cognis Holding GmbH from Cognis Holding Luxembourg S.a r.l. controlled by Permira Funds, GS Capital Partners and SV Life Sciences yesterday (December 9, 2010). The equity purchase price was euro 700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is euro 3.1 billion. "Cognis' and BASF's know-how and range of products complement each...