UK's Permira To Acquire BakerCorp For $960M

Law360, New York (April 13, 2011, 3:39 PM EDT) -- The European private equity firm Permira said Wednesday it planned to acquire California-based pump and containment systems company BakerCorp for $960 million.

The Permira funds, based in London, said the deal was expected to close by July. The transaction must still be approved by regulators.

"BakerCorp exemplifies the type of business in which the Permira funds seek to invest — a strong market leader with a unique customer value proposition and numerous growth opportunities," said Richard Carey, partner and co-head of the global industrials group at...
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