Reuters - Permira Makes $875M on Galaxy Sale
Private equity firm Permira has raised about $875 million from the sale of its remaining stake in casino operator Galaxy Entertainment Group Ltd, capping a highly profitable investment that nearly tripled the firm's money over the past five years, Reuters reported. Permira sold its final 5.94 percent stake in Galaxy on Thursday, a day after the shares reached a record high and just two weeks after the gaming company reported better-than-expected third-quarter results.
8 November 2012•4 mins read
