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Permira controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2006

    Criticism of AA financing and ownership

    During a House of Commons discussion, Labour MP Gwyn Prosser accused CVC and Permira of using borrowing secured against the AA's assets to support a dividend and described the approach as asset stripping. The AA disputed the characterization and said it was prepared to engage in a reasoned discussion.

    Source