Permira raises $613 million from Galaxy sell-down

The private equity investor sells the shares at more than twice the price it paid four years ago, but keeps a 12.8% stake as a long-term investment.

Galaxy's flagship casino, Galaxy Macau AFP

UK-based private equity firm Permira has raised HK$4.78 billion $613 million by selling part of its holdings in Macau casino operator Galaxy Entertainment.

The deal, which was launched and completed after the Hong Kong market closed yesterday, came a day after Galaxy reported strong first-half earnings and almost four years after Permira made its investment in the Hong...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...