Permira
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]
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| Type | Limited liability partnership |
|---|---|
| Industry | Private equity Growth capital |
| Founded | 1985 |
| Headquarters | , |
| Products | Leveraged buyout |
| AUM | €60+ Billion |
Number of employees | 360 |
| Website | www |
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]
Recent acquisitions
- 2022 – Investment in GoCardless[16]
- 2022 – Investment in GWI[17]
- 2022 – Acquisition of Kedrion Biopharma and Bio Products Laboratory[18]
- 2021 – Investment in Sysdig[19]
- 2021 – Acquisition of Mimecast[20]
- 2021 – Investment in AllTrails[21]
- 2021 – Acquisition of McAfee[22]
- 2021 – Investment in Motus[23]
- 2021 – Investment in mParticle[24]
- 2021 – Investment in Mirakl[25]
- 2021 – Acquisition of Engel & Völkers[26]
- 2021 – Investment in Click and Boat[27]
- 2021 – Investment in FullStory[28]
- 2021 – Investment in Adevinta[29]
- 2021 – Investment in G2[30]
- 2021 – Investment in New Immo Group[31]
- 2021 – Investment in Nexthink[32]
- 2020 – Acquisition of Boats Group[33]
- 2020 – Investment in Catawiki[34]
- 2020 – Investment in Full Truck Alliance[35]
- 2020 – Acquisition of Clearwater Analytics[36]
- 2020 – Acquisition of Seismic[37]
- 2020 – Acquisition of Neuraxpharm[38]
- 2020 – Investment in Zwift[39]
- 2020 – Acquisition of EF[40]
- 2020 – Acquisition of Golden Goose[41]
- 2020 – Investment in Duff & Phelps[42]
- 2020 – Investment in Lytx[43]
References
- "Permira gathers $4bn for second growth opportunities fund". Buyout Insider. December 22, 2021.
- "Schroder Ventures International Investment Trust plc" (PDF).
- "Building Momentum in Venture Capital across Europe - KfW" (PDF).
- Meikle, Brad (2001-12-01). "Schroder Ventures Europe becomes Permira". Buyouts. Retrieved 2023-01-20.
- "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.
- "Permira Debt Managers raises direct lending fund". Reuters. 2014-10-29. Retrieved 2022-11-27.
- "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. Archived from the original on 2022-12-11.
- "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. Archived from the original on 2022-12-11.
- "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.

