Permira snaps up Ergomed for £703 million

The European summer holidays are over, so finally dealmaking activity has returned to the London market.

This morning Permira, a UK-based private equity firm, has announced the £703 million takeover of London-listed Ergomed, which sells specialised services to the pharmaceutical industries.

Permira has offered £13.50 in cash for Ergomed, which is about a 30 premium to Friday's closing price. Below is a link to this morning's announcement:..