Permira has reduced its stake in listed telecommunications business Freenet through a placement of just over 19 million shares, equating to 15% of the company's share capital, in a deal worth approximately EUR 177m.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment