The private equity firm Permira has appointed the investment bank Druecker to find a buyer for its 85 per cent stake in the German company Rodenstock.
The private equity firm Permira has appointed the investment bank Druecker to find a buyer for its 85 per cent stake in the German company Rodenstock.
Permira, which declined to comment, took a 49 per cent stake in the then Rodenstock family-controlled firm in 2003 and increased that to 85 per cent in 2004. A Rodenstock family trust holds 10 per cent and the management the remaining 5 per cent.
It is believed that a strong performance over the past 18 months by Rodenstock has prompted Permira to look for a buyer. No deal is expected for months, according to insiders.
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