Credit: REUTERS/BRENDAN MCDERMIDMUNICH/NEW YORK, July 14 (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 ($5.7 billion).
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.
($1 = 0.8771 euros)
(Reporting by Alexander Huebner and Elizabeth Dilts Marshall; Writing by Tom Sims; Editing by Kevin Liffey)
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