Permira Buys Just Retirement

Posted September 25th, 2009 by retiredguru No Comments »

LONDON (Reuters) – Specialist life insurer Just Retirement has agreed to be taken over by private equity company Permira in a 225.5 million pound cash deal. Permira-backed bid vehicle Avalon Acquisitions will pay 76 pence per share for Just Retirement and also inject 25 million pounds into the company after the takeover via a capital increase.

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Posted in Retirement News

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