MUNICH/NEW YORK (Reuters) - A unit of Goldman Sachs Group Inc (GS.N) has bought a stake in the private equity firm Permira, three people with knowledge of the matter said on Tuesday.
Permira will use the funds as a war chest to finance expansion in the private equity sector, the people said.
Two of the people said that the stake was below 10%, and valued Permira at more than 5 billion euros.
The Goldman unit involved is Petershill, an arm that invests in alternative-investment firms.
Permira in Germany and Goldman in London declined to comment.
The Frankfurter Allgemeine Zeitung reported the investment on Tuesday, but reports that a deal was being discussed had emerged in March.
Reporting by Alexander Huebner and Elizabeth Dilts Marshall; Writing by Tom Sims; Editing by Kevin Liffey