A year after AIG sells venture capital operation Altaris the firm realises part of its Creganna-Tactx Medical stake.

Permira has bought a majority stake in Creganna-Tactx Medical, an Ireland-based medical device maker, in a €220m ($306m) deal made a year after Hong Kong-based telecoms firm Pacific Century Group acquired its venture capital investor.

Creganna sold a 29% stake to AIG Altaris, a private equity unit of insurance firm American International Group, in 2006. This was three years before Richard Li’s Pacific Century Group subsidiary Bridge Partners snapped up Altaris as part of a $500m deal last year to buy…

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