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Permira Fund To Buy Renaissance For $440M
Permira Funds is acquiring educational software and hardware company Renaissance Learning.
Permira Fundsis acquiring educational software and hardware companyRenaissance Learning. The European private equity firm will pay a total of nearly $440 million for the acquisition.
Goldman Sachsserved as an exclusive financial adviser to Renaissance Learning, whileMorgan Stanleywas lead financial adviser to Permira. The deal is expected to close in the fourth quarter of 2011.
Click here for the release fromPR Newswire.