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(From Financial News (Daily))
Permira has re-acquired Ferretti, the Italian luxury yacht maker that it floated on the Milan stock exchange in 2000 at a market capital of '382m ($377m), and now values at '675m.The first time the European buy-out firm invested in Feretti, it held it for just over two years. In that time it backed Ferretti in a series of seven acquisitions that helped increase the level of the yachtmaker's turnover six times.
It is unusual for a buy-out firm to go back into the market and take private a firm it floated. More typical is the opposite ...