PRINT THIS PAGE European Permira and US Apollo bid for retailer Toys R Us14/12/2004. Source: AltAssets. 
 European buy-out firm Permira has teamed up with US counterpart Apollo to bid for the global operations of troubled retailer Toys R Us.
It has been reported that the team faces competition from private equity firms including Kohlberg Kravis Roberts, Cerberus and Bain Capital and from US property groups.
It is unusual for European private equity firms to bid in the North American market but Permira has done it before. Earlier this year European Permira and US Apollo formed an alliance to buy Bermuda-based satellite business Intelsat. In that deal Permira and Apollo were joined by European Apax and US Madison Dearborn.
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