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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshortsLONDON - Buyout group Permira is planning to move stakes in British wealth manager Evelyn Partners and South African data centre group Teraco Data Environments into a new fund, giving investors a chance to cash out, two people familiar with the matter told Reuters.
Though Evelyn has attracted interest from private equity and strategic buyers, its owners are in no rush to launch a sale or IPO of the business while markets remain rocky, one of the people and a third one said.Permira declined to comment. When private equity firms raise a continuation fund, they seek new investors to acquire the assets and offer investors in the original private equity fund the opportunity to roll into the new vehicle or cash out.