Permira
 | |
| Type | Limited liability partnership |
|---|---|
| Industry | Private equity Growth capital |
| Founded | 1985 |
| Headquarters | , |
| Products | Leveraged buyout |
| AUM | €60+ Billion |
Number of employees | 360 |
| Website | www |
Permira is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. Permira employs over 360 people in 16 offices across North America, Europe and Asia.[1]
History
Permira was founded in 1985 by Nicholas Ferguson as a number of country-specific separate businesses operating under the Schroder Ventures brand. 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. In 2001, the firm was renamed Permira.
In 2002, Permira expanded into the U.S. with the opening of its New York office.[2]
In 2005, Permira launched its first Asia Pacific-based office in Japan.[3] It later opened its Hong Kong office in 2008.[4]
In 2006, Permira raised over €10 billion in commitments for its P4 fund, which was, at the time, Europe's largest buyout fund.[5]
In 2007, Permira launched Permira Debt Managers, now Permira Credit, a debt management and advisory business based in London, United Kingdom. The firm advises investment funds and products that provide loans, debt, buyout and acquisition financing solutions to medium-sized European businesses.[6]
In 2008, Permira continued its U.S. expansion with the opening of its Menlo Park, CA office, which focuses predominantly on technology investments.[7]
In 2014, Permira raised €5.3 billion for its fifth buyout fund, P5.[8]
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.[9][10]
In 2021, Permira closed its second Growth Opportunities Fund at $4 billion.[11]
Recent acquisitions
- 2022 – Investment in GoCardless[12]
- 2022 – Investment in GWI[13]
- 2022 - Acquisition of Kedrion Biopharma and Bio Products Laboratory[14]
- 2021 – Investment in Sysdig[15]
- 2021 – Acquisition of Mimecast[16]
- 2021 – Investment in AllTrails[17]
- 2021 – Acquisition of McAfee[18]
- 2021 – Investment in Motus[19]
- 2021 – Investment in mParticle[20]
- 2021 – Investment in Mirakl[21]
- 2021 – Acquisition of Engel & Völkers[22]
- 2021 – Investment in Click and Boat[23]
- 2021 – Investment in FullStory[24]
- 2021 – Investment in Adevinta[25]
- 2021 – Investment in G2[26]
- 2021 – Investment in New Immo Group[27]
- 2021 – Investment in Nexthink[28]
- 2020 – Acquisition of Boats Group[29]
- 2020 – Investment in Catawiki[30]
- 2020 – Investment in Full Truck Alliance[31]
- 2020 – Acquisition of Clearwater Analytics[32]
- 2020 – Acquisition of Seismic[33]
- 2020 – Acquisition of Neuraxpharm[34]
- 2020 – Investment in Zwift[35]
- 2020 – Acquisition of EF[36]
- 2020 – Acquisition of Golden Goose[37]
- 2020 – Investment in Duff & Phelps[38]
- 2020 – Investment in Lytx[39]
References
- ^ "Permira gathers $4bn for second growth opportunities fund". Buyout Insider. December 22, 2021.
- ^ "Permira opens New York office". Financial News. September 30, 2002.
- ^ "Permira Names New Asia Co-Heads". The Wall Street Journal. January 17, 2011.
- ^ "Permira hires ex-Goldman banker to boost China team". Reuters. August 3, 2011.
- ^ "Comeback kid Permira hits biggest close yet with €11B mega-fund". Pitchbook. August 16, 2019.
- ^ "LPC-Permira Debt Managers raises third direct lending fund at €2.1bn". Reuters. June 19, 2017.
- ^ "Permira to open office on US west coast". Financial Times. April 7, 2008.
- ^ "Permira closes fifth buyout fund with revised target of 5.3 bln euro". Reuters. June 12, 2014.
- ^ "Permira Joins Hunt for Growth Deals With $1.7 Billion Fund". The Wall Street Journal. June 3, 2019.
- ^ "Private equity firm Permira closes new fund at $12 billion". Reuters. October 15, 2019.
- ^ "Permira Closes Second Growth Opportunities Fund at $4B". Mergers & Acquisitions. December 23, 2021.
- ^ "GoCardless Valued at $2.1 Billion After Raising $312 Million". Bloomberg. February 8, 2022.
- ^ "GWI raises $180M Series B at $850M valuation for its market research SaaS". TechCrunch. February 1, 2022.
- ^ "Private Equity Firm Permira Is Making a Big Bet on Blood Plasma With New Deals". Bloomberg. January 20, 2022.
- ^ "Permira leads $350m growth funding round in Sysdig at $2.5b valuation". PeHub. December 15, 2021.
- ^ "Permira agrees to take private of Mimecast at 5.8bn valuation". PeHub. December 7, 2021.
- ^ "AllTrails raises $150M after COVID accelerates people's interest in exploring the outdoors". TechCrunch. November 17, 2021.
- ^ "McAfee to Sell Itself to a Private-Equity-Led Group". Wall Street Journal. November 8, 2021.
- ^ "Software maker Motus gains Permira backing". PE News. October 8, 2021.
- ^ "Permira leads $150m investment in mParticle". PEHub. October 5, 2021.
- ^ "Marketplace platform Mirakl raises $555 million at $3.5 billion valuation". TechCrunch. September 21, 2021.
- ^ "Permira Funds Acquire Majority Stake in Engel & Völkers". Mergers & Acquisitions. August 10, 2021.
- ^ "Click&Boat secures significant investment from Permira and Boats Group". Private Equity Wire. July 19, 2021.
- ^ "Permira leads $103m FullStory funding round". Private Equity News. August 4, 2021.
- ^ "EBay sells $2.25 bln Adevinta stake to secure classified ads tie-up". Reuters. July 14, 2021.
- ^ "G2 hits 'unicorn' status with $157M in fresh funding". Chicago Inno. June 22, 2021.
- ^ "Permira buys minority stake in New Immo Group". Chicago Inno. April 29, 2021.
- ^ "Nexthink raises $180m Series D round at $1.1bn valuation". Silicon Republic. February 8, 2021.
- ^ "Private equity firm Permira to buy majority stake in Boats Group". Reuters. December 29, 2020.
- ^ "Permira to buy stake in high-end auction site". Financial Times. December 6, 2020.
- ^ "SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion". Bloomberg. November 23, 2020.
- ^ "Permira, Warburg Pincus, Dragoneer and Durable back Clearwater Analytics". PE Hub. October 12, 2020.
- ^ "Seismic: $92 Million And About A $1.6 Billion Valuation". Pulse 2.0. October 5, 2020.
- ^ "Permira buys German specialty pharma group Neuraxpharm". Reuters. September 22, 2020.
- ^ "Zwift raises $450 million, achieves unicorn status". Consulting.us. September 30, 2020.
- ^ "Permira buys majority stake in EF's children-focused business". Reuters. July 29, 2020.
- ^ "Golden Goose sneaker brand worn by Taylor Swift sold to Permira for €1.3 billion". MarketWatch. February 13, 2020.
- ^ "Permira Will Nearly Triple Its Money on $4.2 Billion Sale of Duff & Phelps". Barron's. January 23, 2020.
- ^ "Permira Invests in Vehicle Telematics Maker Lytx". The Wall Street Journal. January 8, 2020.
