ProSiebenSat.1 Media SE

Buyout firms Kohlberg Kravis Roberts and Permira have been given the go-ahead to complete the merger of their portfolio companies ProSiebenSat.1 and SBS Broadcasting, which is likely to realise a strong return for the two firms.

The firm has hired Ralf Schremper from media group ProSiebenSat.1 to spearhead its efforts.

Oakley has agreed to offload half its stake in online dating service PARSHIP ELITE to German media conglomerate ProSieben Sat. 1 Media.

The deal follows the close of the UK-based firm’s second fund ahead of target on €524m in December

This will be the last investment from KKR’s European Fund III

Permira co-heads Tom Lister and Kurt Björklund discuss how the European private equity powerhouse is faring in the post-crisis world.

Strong growth among Permira’s portfolio companies has given cheer to the firm’s largest LP.

In the past three years, Permira has transformed itself into a global buyout player. In charge of the mega-firm's daily operations today are Kurt Björklund and Tom Lister, co-managing partners since the start of 2008. In June, they explained their roles to Philip Borel, and talked about challenges and opportunities in the marketplace.

The listed Permira investor, which is now 20%-owned by Coller Capital, saw two-thirds of the book value wiped off its portfolio during 2008. Chief executive Andrew Williams has stepped down.