Permira Fund To Buy Renaissance For $440M

Permira Funds is acquiring educational software and hardware company Renaissance Learning.

Permira Funds is acquiring educational software and hardware company Renaissance Learning. The European private equity firm will pay a total of nearly $440 million for the acquisition.

Goldman Sachs served as an exclusive financial adviser to Renaissance Learning, while Morgan Stanley was lead financial adviser to Permira. The deal is expected to close in the fourth quarter of 2011.

Click here for the release from PR Newswire.