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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.

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