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Private equity firm Permira to buy Duff & Phelps for $1.75 billion
November 1, 2017 / 12:17 PM / 23 days ago

Private equity firm Permira to buy Duff & Phelps for $1.75 billion

(Reuters) - Corporate finance adviser Duff & Phelps agreed to be bought by a company backed by private equity Permira Funds in a deal valued at $1.75 billion, the companies said on Wednesday.

Carlyle Group and Neuberger Berman are selling their stake in Duff & Phelps, among others. (reut.rs/2h2QApZ)

The transaction is expected to close in the first quarter of 2018.

Reporting By Aparajita Saxena in Bengaluru

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