Permira News

Women hold New Look shopping bags on Oxford Street in London, February 12, 2010. REUTERS/SUZANNE PLUNKETT

South Africa's Brait buys Britain's New Look for $1.2B

African investment heavyweight Brait SE (BATJ.J) said it will pay $1.2 billion for virtually all of budget clothes retailer New Look, giving it a substantial presence in Britain’s fiercely competitive fashion retail market.

Permira Advisers

Buyout firm Permira purchases South African data center services company Teraco for undisclosed price

Permira Advisers LLP, one of Europe’s largest buyout firms, agreed to buy a controlling stake in Teraco Data Environments for an undisclosed price.