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Article: Permira hires 3i's Carlos Mallo to drive expansion in Spain.
- Article from:
- Financial News
- Article date:
- October 28, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: William Hutchings
Permira has poached Carlos Mallo from 3i to open a Spanish office as the buy-out firm continues to extend its European reach. It recently closed Europe's largest private equity fund at [euro]5.1bn ($6bn).Permira confirmed the appointment and said it planned to open Madrid next year, its second European expansion in seven months. It opened its first full-service office in 14 years in Stockholm last March. Permira had set up a two-man New York base last year, but this was designed to gain a US perspective on deals rather than generate investments.
A Spanish office would extend its full-service coverage to the UK, Germany, Italy, ...