date:Oct 17, 2012
ng term loans to October 2017.
Earlier, Permira rejected the second bid for Iglo from private equity firms Blackstone and BC Partners, which had earlier jointly offered 2.5bn for the business.
The UK equity firm, which was expecting a bid of 2.8bn, cancelled the sale of Iglo and plans to grow the business as it believes the frozen food company is performing strongly and is a well-capitalized business.
Permira acquired Iglo from Unilever in 2006 for 1.7bn, and in July 2010 it expanded the oper