CANDOVER INVESTMENTS PLC - Candover acquires Ferretti.

PR Newswire UK Disclose, October, 2006

 
For immediate release 
 
Friday 27th October, 2006 
 
Candover acquires from Permira a majority stake in Ferretti SpA, a leading 
manufacturer of high performance luxury motor yachts 
 
Candover* and Permira, two leading Private Equity specialists, today announce 
the acquisition by Candover of a majority stake in Ferretti SpA ("Ferretti") 
from Permira. 
 
Majority equity funding is being provided by the Candover 2005 Fund 
(approximately 60%) with Permira Funds, Norberto Ferretti, Chairman, and his 
management team re-investing the remaining 40%. Debt and mezzanine financing is 
being underwritten by Royal Bank of Scotland (RBS). The acquisition is 
conditional upon EU antitrust approvals and is expected to complete by the end 
of 2006. 
 
This is the fifth investment to be...

            
        
    
    	    
                
                
	

		

					 
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