Permira recaps Hugo Boss for second time in a year

Dividend recaps, considered controversial by some, have been making a comeback amid strong debt markets

European buyout firm Permira has turned to the debt markets for the second time in less than a year, refinancing fashion company Hugo Boss alongside a wider share sale, to help pay its investors a dividend.

Permira's biggest investor, SVG Capital, said Friday that it had netted £69 million from Permira's recapitalisation and share sale in Hugo Boss's holding company Red & Black, according to a stock exchange announcement.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump