Sealing The Deal: Fried Frank Nets $1.5B LBO For Permira

Law360, New York (November 18, 2011, 6:06 PM EST) -- U.K.-based Permira Advisers LLC's $1.5 billion acquisition of Genesys last month, shepherded by the deals team from Fried Frank Harris Shriver & Jacobson LLP, was one of the largest European buyouts of the year, a delicate corporate carveout of troubled French telecom giant Alcatel-Lucent SA's global call center division.

It was Permira's biggest buy in two years, with an equity contribution about twice the size of the firm's average in recent transactions. It also required some $800 million in debt financing and came amid rising political...
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