Permira

Permira is a global investment firm. Founded in 1985, the firm advises funds with a total committed capital of €77 billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. Permira employs over 470 people in 15 offices across Europe, North America, and Asia.[1]

Permira Holdings Limited
TypeLimited liability partnership
IndustryPrivate equity
Growth capital
Founded1985 (1985)
Headquarters
London
,
United Kingdom
ProductsLeveraged buyout
AUM€77 billion
Number of employees
470+
Websitewww.permira.com

History

Permira was founded in 1985 by Nicholas Ferguson as a number of country-specific separate businesses operating under the Schroder Ventures brand.[2] In 1996, the United Kingdom, French, German and Italian teams joined to create Schroder Ventures Europe and in 1997, this raised its first pan-European fund.[3] In 2001, the firm was renamed Permira.[4]

In 2002, Permira expanded into the U.S. with the opening of its New York office.[5]

In 2005, Permira launched its first Asia Pacific-based office in Japan.[6] It later opened its Hong Kong office in 2008.[7]

In 2006, Permira raised over €10 billion in commitments for its P4 fund, which was, at the time, Europe's largest buyout fund.[8]

In 2007, Permira launched Permira Debt Managers, now Permira Credit, a debt management and advisory business based in London, United Kingdom.[9] The firm advises investment funds and products that provide loans, debt, buyout and acquisition financing solutions to medium-sized European businesses.[10]

In 2008, Permira continued its U.S. expansion with the opening of its Menlo Park, CA office, which focuses predominantly on technology investments.[11]

In 2014, Permira raised €5.3 billion for its fifth buyout fund, P5.[12]

In 2019, Permira closed its first Growth Opportunities Fund, which makes minority equity investments in high-growth technology and digital businesses, at $1.7 billion. Later that year, Permira closed its seventh buyout fund, P7, at €11 billion.[13][14]

In 2021, Permira closed its second Growth Opportunities Fund at $4 billion.[15]

In 2023, Permira closed its eighth flagship buyout fund, Permira VIII, at €16.7 billion.[16]

Recent acquisitions

References
  1. "Permira gathers $4bn for second growth opportunities fund". Buyout Insider. December 22, 2021.
  2. "Schroder Ventures International Investment Trust plc" (PDF).
  3. "Building Momentum in Venture Capital across Europe - KfW" (PDF).
  4. Meikle, Brad (2001-12-01). "Schroder Ventures Europe becomes Permira". Buyouts. Retrieved 2023-01-20.
  5. "Permira opens New York office". Financial News. September 30, 2002.
  6. "Permira Names New Asia Co-Heads". The Wall Street Journal. January 17, 2011.
  7. "Permira hires ex-Goldman banker to boost China team". Reuters. August 3, 2011.
  8. "Comeback kid Permira hits biggest close yet with €11B mega-fund". Pitchbook. August 16, 2019.
  9. "Permira Debt Managers raises direct lending fund". Reuters. 2014-10-29. Retrieved 2022-11-27.
  10. "LPC-Permira Debt Managers raises third direct lending fund at €2.1bn". Reuters. June 19, 2017.
  11. "Permira to open office on US west coast". Financial Times. April 7, 2008. Archived from the original on 2022-12-11.
  12. "Permira closes fifth buyout fund with revised target of 5.3 bln euro". Reuters. June 12, 2014.
  13. "Permira Joins Hunt for Growth Deals With $1.7 Billion Fund". The Wall Street Journal. June 3, 2019.
  14. "Private equity firm Permira closes new fund at $12 billion". Reuters. October 15, 2019.
  15. "Permira Closes Second Growth Opportunities Fund at $4B". Mergers & Acquisitions. December 23, 2021.
  16. Kirchfeld, Aaron; Foerster, Jan-Henrik (2023-03-08). "Permira Completes €16.7 Billion Fundraising on Flagship Fund". Bloomberg. Retrieved 2023-03-31.
  17. "Permira-backed funds to buy majority stake in Acuity". Private Banker International. 2023-01-30. Retrieved 2023-03-31.
  18. Carnevali, David; French, David. "Permira nears $1.3 billion deal to acquire Reorg". Reuters.
  19. Scheuer, Stephan (2022-06-24). "US-Softwarehersteller: Drama um Kundenmanager Zendesk endet mit Verkauf an Investor". Handelsblatt (in German). Retrieved 2023-03-31.
  20. Guevarra, Joyce (2022-06-24). "Permira, Vista Credit invest $125M in Housecall Pro; Cornell to buy Advantek". S&P Global. Retrieved 2023-03-31.
  21. "Un round da 412 milioni per SonarSource. Fra gli investitori c'è Permira" (in Italian). 2022-04-26. Retrieved 2023-03-31.
  22. Mathews, Jessica (2022-04-14). "Health tech fund raises $800 million as COVID speeds up change in the medical industry". Fortune. Retrieved 2023-03-31.
  23. "GoCardless Valued at $2.1 Billion After Raising $312 Million". Bloomberg. February 8, 2022.
  24. "GWI raises $180M Series B at $850M valuation for its market research SaaS". TechCrunch. February 1, 2022.
  25. "Private Equity Firm Permira Is Making a Big Bet on Blood Plasma With New Deals". Bloomberg. January 20, 2022.
  26. "Permira leads $350m growth funding round in Sysdig at $2.5b valuation". PeHub. December 15, 2021.
  27. "Permira agrees to take private of Mimecast at 5.8bn valuation". PeHub. December 7, 2021.
  28. "AllTrails raises $150M after COVID accelerates people's interest in exploring the outdoors". TechCrunch. November 17, 2021.
  29. "McAfee to Sell Itself to a Private-Equity-Led Group". Wall Street Journal. November 8, 2021.
  30. "Software maker Motus gains Permira backing". PE News. October 8, 2021.
  31. "Permira leads $150m investment in mParticle". PEHub. October 5, 2021.
  32. "Marketplace platform Mirakl raises $555 million at $3.5 billion valuation". TechCrunch. September 21, 2021.
  33. "Permira Funds Acquire Majority Stake in Engel & Völkers". Mergers & Acquisitions. August 10, 2021.
  34. "Click&Boat secures significant investment from Permira and Boats Group". Private Equity Wire. July 19, 2021.
  35. "Permira leads $103m FullStory funding round". Private Equity News. August 4, 2021.
  36. "EBay sells $2.25 bln Adevinta stake to secure classified ads tie-up". Reuters. July 14, 2021.
  37. "G2 hits 'unicorn' status with $157M in fresh funding". Chicago Inno. June 22, 2021.
  38. "Permira buys minority stake in New Immo Group". Chicago Inno. April 29, 2021.
  39. "Nexthink raises $180m Series D round at $1.1bn valuation". Silicon Republic. February 8, 2021.
  40. "Private equity firm Permira to buy majority stake in Boats Group". Reuters. December 29, 2020.
  41. "Permira to buy stake in high-end auction site". Financial Times. December 6, 2020. Archived from the original on 2022-12-11.
  42. "SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion". Bloomberg. November 23, 2020.
  43. "Permira, Warburg Pincus, Dragoneer and Durable back Clearwater Analytics". PE Hub. October 12, 2020.
  44. "Seismic: $92 Million And About A $1.6 Billion Valuation". Pulse 2.0. October 5, 2020.
  45. "Permira buys German specialty pharma group Neuraxpharm". Reuters. September 22, 2020.
  46. "Zwift raises $450 million, achieves unicorn status". Consulting.us. September 30, 2020.
  47. "Permira buys majority stake in EF's children-focused business". Reuters. July 29, 2020.
  48. "Golden Goose sneaker brand worn by Taylor Swift sold to Permira for €1.3 billion". MarketWatch. February 13, 2020.
  49. "Permira Will Nearly Triple Its Money on $4.2 Billion Sale of Duff & Phelps". Barron's. January 23, 2020.
  50. "Permira Invests in Vehicle Telematics Maker Lytx". The Wall Street Journal. January 8, 2020.
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