ITALY - Permira-backed SEAT PG to raise EUR 200m
Listed publishing firm SEAT Pagine Gialle, which is backed by a private equity consortium comprising BC Partners, Permira, CVC Capital Partners and Investitori Associati, has launched a rights issue to raise EUR 200m.
The operation, expected to strengthen the financial position of the company, is endorsed by the company's PE investors and all major shareholders have given their commitment to fully exercise their stock options.
BC Partners, Permira, CVC Capital Partners and Investitori Associati invested in the company in 2003, deal valued at EUR 3.74bn.
The group has also announced a commercial agreement with Google for online advertising in recent days.
More on Portfolio management
NorthEdge sells Belfield Group's Usleep
Mattress producer is to be acquired by Vita Group, a portfolio company of Strategic Value Partners
Clessidra's Botter bolts on Mondodelvino
Combined group expects to reach revenues of €350m in 2020 and further expand its market share
Bid Equity's Myneva bolts on Patronis, TTS
Social care and healthcare software platform is following a buy-and-build strategy
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds