Permira Amends Renaissance Merger Agreement
Wisconsin Rapids-based Renaissance Learning and private equity fund manager Permira have entered into an amendment to their original merger agreement. Under the amended agreement, an affiliate of the Permira Funds will acquire all of the outstanding shares of Renaissance Learning for an aggregate purchase price of approximately $455 million. With offices in New York and Menlo Park, Permira has had a presence in North America since 2002. Renaissance Learning represents the second North American investment for the Permira funds in 2011.
27 September 2011•3 mins read
