
ITALY - Permira and Private Equity Partners exit Marazzi Group
Permira and Private Equity Partners have sold the 8.47% stake it had in tile business Marazzi. The shares were sold at the price of EUR 10.3 each.
Permira and Private Equity Partners originally acquired 33% of the Marazzi Group in late 2004. The buyout was entirely equity financed with no debt. Permira took a 28% shareholding while Private Equity Partners took 5%. It then successfully listed 28% of its capital in an initial public offering valued at EUR 296m.
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