UK- Permira in exclusive talks for Montagu's Survitec

It is thought that Permira beat off bids from Warburg Pincus and Carlyle for the Dunmurry-based business. It has been reported that Montagu is looking to sell Survitec for a price of £300m. In August, it was understood that Montagu was looking to arrange a £130-150m line of credit for the business in preparation for its sale.

In 2004, Montagu acquired Survitec from Alchemy Partners in a £146m deal. Montagu assumed a majority stake in the business, with management holding the remainder. The debt facility was arranged by Barclays.

NM Rothschild is currently advising Montagu on the sale.

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• Topics
• Buyouts
• UK / Ireland
• Exits