Duff & Phelps plans new financing for buyout by Permira

By Sara Rosenberg

New York, Nov. 1 – Duff & Phelps Corp. has received a commitment for financing to help fund its acquisition by Permira, according to a news release.

UBS Investment Bank is the lead bank on the financing.

Permira is buying the company from the Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents and Pictet & Cie for $1.75 billion.

As part of the transaction, the Duff & Phelps management team will maintain a significant equity stake in the firm and will continue to lead the company in their current roles.

Closing is expected in the first quarter of 2018, subject to customary conditions.

Duff & Phelps is a New York-based independent advisor with expertise in the areas of valuation, corporate finance, disputes and investigations, compliance and regulatory matters, and other governance-related issues.

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