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Buyout firm Permira has made nearly three times its money on an investment in a Macau casino operator, after selling its remaining 6% stake in the company today.

According to a person with knowledge of the situation, Permira made a 2.8-times return on its money after first buying 20% of Chinese company Galaxy Entertainment Group five years ago, in November 2007. Private equity deals in China typically see firms take a minority stake alongside the company's founders.

Buyout firm benefits from strong company growth and currency fluctuations in final sale of a stake in a Macau casino operator

Paul Hodkinson

Galaxy Entertainment Group

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Permira triples money on casino deal

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