Permira

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Permira Holdings Limited
Limited liability partnership
IndustryPrivate equity
Growth capital
Founded1985; 34 years ago (1985)
Headquarters,
ProductsLeveraged buyout
AUM€30 Billion[1]
Number of employees
200
Websitewww.permira.com

Permira is a European private equity firm. It was founded in 1985. The firm advises funds with a total committed capital of approximately €200 billion. Since 1985 the Permira funds, raised from pension funds and other institutions, have made nearly two hundred private equity investments.

Permira specialises in five sectors: Consumer, Financial Services, Healthcare, Industrials and TMT (Technology, Media, Telecommunications). There are currently 25 companies in the Permira funds’ portfolio and the firm comprises approximately 120 professionals.

History[edit]

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 together to create Schroder Ventures Europe and in 1997 it raised its first pan European fund. In 2001, the firm was renamed Permira.

Permira opened an office in New York City in 2002,[2] one in Tokyo in 2005,[3] and one in Hong Kong in 2008.[4]

It also opened an office in Menlo Park in 2008.[5]

Recent investments[edit]

  • 2018 - Acquisition of Duff & Phelps [6]
  • 2018 – Acquisition of Cisco's SPVSS division[7]
  • 2017 – Acquisition of DiversiTech Corporation[8]
  • 2016 – Acquisition of Schustermann & Borenstein (Best Secret)[9]
  • 2015 – Acquisition of Medora Snacks and Ideal Snacks[10]
  • 2015 – Acquisition of Vacalians Group, a European campsite and mobile home company operating under the Tohapi brand [11]
  • 2015 – Acquisition of GFKL Financial Services, a provider of receivables management services in Germany [12]
  • 2015 – Acquisition of Informatica, independent provider of enterprise data integration software and services [13]
  • 2014 – Acquisition of Teraco Data Environments, Sub-Saharan Africa's provider of carrier neutral datacenter services [14]
  • 2014 – Acquisition of Metalogix, provider of management tools for collaboration platforms [15]
  • 2014 – Acquisition of TeamViewer, developer and distributor of solutions for online communication, collaboration and remote monitoring of IT systems[16]
  • 2014 – Acquisition of Tilney and Bestinvest, the wealth manager and online investment service based in the United Kingdom.[17]
  • 2014 – Acquisition of $200 million of the outstanding equity of LegalZoom.[18]
  • 2013 – Acquisition of R Griggs Group, parent of the Doc Martens brand for 300 million pounds or US$485.7 million.[19]

Recent realisations[edit]

(full realisations only; does not include partial realisations)

  • 2015 – New Look Retail Group, fashion brand[20]
  • 2015 – Iglo Group, European frozen food business[21]
  • 2015 – Hugo Boss, company in premium and luxury segment of the apparel market[22]
  • 2015 – Arysta LifeScience Limited, one of the world's agrochemical businesses[23]
  • 2014 – Renaissance Learning, provider of technology based school improvement and student assessment programmes[24]
  • 2014 – All3Media, creator of television, film and digital content[25]
  • 2014 – ProSiebenSat.1, one of the independent media corporations in Europe[26]

Current investments[edit]

The Permira funds are invested in the following companies:

  • Exclusive Group, Pan global distributor, majority stake – over €1B[27]
  • Duff & Phelps, global advisor in valuation, investigation and other governance matters – $1.5B [28]
  • Atrium Innovations, in the manufacturing, development and commercialisation of health products – €754m[29]
  • CABB, integrated supplier of chemicals and customer manufacturing solutions – €819m[30]
  • Dr Martens, British footwear brand – €380m[31]
  • LegalZoom, online legal services company – €158m[32]
  • Pantheon Healthcare Group, formerly MESA and Astral – €161m[33]
  • Metalogix, provider of online management tools[34]
  • TeamViewer, provider of secure remote support software – €870m[35]
  • Teraco Data Environments, provider of carrier neutral datacenter services in sub Saharan Africa[36]
  • Tilney Bestinvest, formerly Bestinvest, a leading private client wealth management firm and Tilney, a wealth manager – €243m[37]
  • Akindo Sushiro, sushi restaurant chain, Japan – €800m[38]
  • Ancestry.com, online family history – €1.266B[39]
  • Asia Broadcast Satellite, Fixed Satellite Services operator – €184m[40]
  • BakerCorp, temporary liquid and solid containment, pump, filtration and trench solutions – €714m[41]
  • Creganna Medical, global provider of outsourced solutions to the medical device industry – €223m[42]
  • eDreams ODIGEO, a combination of a trio of travel companies: eDreams, Go Voyages and Opodo – €1.048m[43]
  • Genesys, supplier of enterprise software and solutions – €1.237B[44]
  • Intelligrated, automated material handling solutions, United States – €443m[45]
  • Just Retirement, specialist financial services, United Kingdom – €298m[46]
  • Netafim, smart drip and micro irrigation solutions, Israel, €800m[47]
  • Pharmaq, aquatic health groups – €250m[48]
  • Saga (Acromas), financial services to people aged over 50 in the United Kingdom – €9,685m[49]
  • Sisal, Italian gaming operator – €1.348m[50]
  • Telepizza, home delivery and takeaway pizza business – €962m[51]
  • Cortefiel, Spanish clothing retailer – €1.802m[52]

References[edit]

  1. ^ "Permira - Permira Today". Retrieved 3 May 2016.
  2. ^ "Subscribe to read". Financial Times. Retrieved 2018-09-24.
  3. ^ Kleinman, Mark (2007-09-01). "Permira sets sights on South Korea". ISSN 0307-1235. Retrieved 2018-09-24.
  4. ^ Editorial, Reuters. "UPDATE 2-Permira hires ex-Goldman banker to boost China team". U.S. Retrieved 2018-09-24.
  5. ^ "Permira - Permira Today". Retrieved 3 May 2016.
  6. ^ https://www.duffandphelps.com/about-us/news/duff-and-phelps-to-be-acquired-by-the-permira-funds
  7. ^ https://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1919620
  8. ^ "Permira Funds Complete Acquisition of DiversiTech".
  9. ^ "Permira Funds to acquire leading German omnichannel premium fashion retailer Schustermann & Borenstein from Ardian".
  10. ^ [1], Food Business News, 10 June 2015
  11. ^ [2], Unquote.com
  12. ^ [3], Reuters, 18 May 2015
  13. ^ [4], Bloomberg, 7 April 2015
  14. ^ [5], Reuters, 4 December 2014
  15. ^ [6], Private Equity Wire, 31 October 2014
  16. ^ "The Permira Funds complete the acquisition of TeamViewer". TeamViewer. Retrieved 18 July 2014.
  17. ^ [7], Telegraph, 6 November 2013
  18. ^ "Permira Acquires $200 Million of LegalZoom Equity". BusinessWire. Retrieved 10 March 2014.
  19. ^ Neel, Julia (October 24, 2013). "Permira Acquires Dr. Martens". WWD. Retrieved 24 October 2013.
  20. ^ [8] Financial Times, 15 May 2015
  21. ^ [9] Bloomberg, 20 April 2015
  22. ^ [10] Wall Street Journal, 16 March 2015
  23. ^ [11] Financial Times, 20 October 2014
  24. ^ [12] Forbes, 13 March 2014
  25. ^ [13] Bloomberg, 9 May 2014
  26. ^ [14] Bloomberg, 17 January 2014
  27. ^ [15] Channelweb, 13 April 2018
  28. ^ https://www.permira.com/portfolio/duff-phelps/
  29. ^ [16] Bloomberg, 29 November 2013
  30. ^ [17] Bloomberg, 22 April 2014
  31. ^ [18] BBC News, 24 October 2013
  32. ^ [19] Reuters, 6 January 2014
  33. ^ [20] Health Investor, 8 August 2014
  34. ^ [21] Washington Technology, 3 November 2014
  35. ^ [22] Reuters, 16 June 2014
  36. ^ [23] 4 December 2014
  37. ^ [24] The Telegraph, 6 November 2013
  38. ^ Stephen Aldred and Junko Fujita (24 August 2012). "Permira buying Japan sushi restaurant chain in $1 billion deal". Reuters India. Retrieved 3 May 2016.
  39. ^ [25] Forbes, 22 October 2012
  40. ^ [26] Financial Times, 13 September 2010
  41. ^ [27] Wall Street Journal, 13 April 2011
  42. ^ [28] Financial Times, 7 October 2010
  43. ^ [29] Bloomberg, 6 March 2014
  44. ^ [30] New York Times, 19 October 2011
  45. ^ Jason Kelly (8 June 2012). "Permira to Buy Equipment Maker Intelligrated for $500 Million". Bloomberg.com. Retrieved 3 May 2016.
  46. ^ "Just Retirement valued at $1.8 bln in London share listing". Reuters. 12 November 2013. Retrieved 8 March 2014.
  47. ^ Permira to buy up to 61% of Israel's Netafim Reuters, 22 September 2011
  48. ^ [31] City AM, 2 April 2013
  49. ^ [32] The Guardian, 26 June 2007
  50. ^ [33] Bloomberg, 16 June 2014
  51. ^ [34] The Independent, 23 July 2006
  52. ^ [35] Financial News, 22 July 2005

External links[edit]