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Permira to exit personal protection equipment business Aearo Technologies16/11/2007. Source: AltAssets. 
 Permira has agreed to sell Aearo Technologies, a specialist in the personal protection industry, to 3M for $1.2bn.
Aearo manufactures and sells hearing protection devices, communication headsets, non-prescription and prescription safety eyewear, face shields, reusable and disposable respirators, fall protection equipment and hard hats.
Permira acquired the company about a year and a half ago for $765m from Bear Stearns Merchant Banking.
Permira recently named Damon Buffini chairman of the European-based buy-out group. Kurt Björklund, the head of Permira's Stockholm office, and Tom Lister, the head of the New York office, have become co-managing partners.
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