Permira
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| Type | Limited liability partnership |
|---|---|
| Industry | Private Equity |
| Founded | 1985 |
| Headquarters | London, United Kingdom |
| Products | Leveraged Buyout |
| Employees | 120 |
| Website | www.permira.com |
Founded in 1985, Permira is a European private equity firm with global investments. The firm advises funds with a total committed capital of approximately €20 billion.
Over the past 26 years the Permira funds, raised from pension funds and other institutions, have made nearly 200 private equity investments and have returned €16 billion to investors.
Permira specialise in five sectors: Consumer, Financial Services, Healthcare, Industrials and TMT (Technology, Media, Telecommunications). There are currently 24 companies in the Permira funds’ portfolio and the firm comprises approximately 120 professionals.
The firm's teams are based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Stockholm and Tokyo.
Permira is currently led by two Co-Managing Partners Kurt Björklund and Tom Lister.
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[edit] Investors in the Permira Funds
Permira’s latest fund (Permira IV) has over 180 institutional investors including:
- Over 30 million pension fund beneficiaries
- Over 40 charities
- Over 20 life insurance companies
- Eight governmental development agencies
[edit] Recent Permira Funds Investments
- 2010 – The acquisition of Findus Italy by Birds Eye iglo Group
- 2010 – eDreams, an online travel agency
- 2009 - Just Retirement, a specialist financial services business
- 2009 – NDS, a technology company servicing the media industry
[edit] Current investments
The firm is currently invested in the following companies:
- Renaissance Learning - $440M / €306M (educational software and hardware company)[1]
- NDS Group - €2.461Bn (Digital TV technologies and applications, in partnership with News Corporation)
- Marazzi Group - €1.387Bn (ceramic tiles and sanitary ware)
- Arysta LifeScience - €1.947Bn (agrochemicals and pharmaceuticals)
- Galaxy Entertainment Group - €593Mn (hotel and casino operator, circa 20% stake)
- Acromas Holdings - €9.685Bn (Holding company for The Automobile Association and Saga (UK)
- Valentino Fashion Group - €5.343Bn (fashion and luxury goods)
- Provimi - €1.721Bn (animal nutrition)
- ProSiebenSat.1 Media - €6.786Bn (pan-European broadcasting, shared company with Kohlberg Kravis Roberts)
- BorsodChem - €1.63Bn (Isocyanate-based chemicals and PVC)
- Birds Eye - €1.891Bn (European frozen foods company)[2][3]
- Freescale Semiconductor - €12.604Bn (Embedded semiconductors, in consortium led by Blackstone Group)
- Sisal SpA - €1.348Bn (betting and gaming operator in Italy)
- Principal Hayley Group - €473Mn (hotel and conference centre chain)
- Telepizza - €962Mn (Spanish home delivery and take-away pizza)
- All3Media - €531Mn (TV production company)
- TDC A/S - €13.4Bn (Communications solutions, in consortium with other private equity firms)
- Gala Coral Group - €6.663Bn (Integrated betting and gaming operator in Europe, alongside Candover Investments and Cinven)
- Cortefiel - €1.802Bn (Spanish clothing retailer, acquired jointly with PAI Partners and CVC Capital Partners)
- DinoSol Supermercados - €895Mn (Spanish food retailer)
- Maxeda - €2.517Bn (Dutch non-food retailer)
- New Look - €1.187Bn (High-street fashion retailer, along with Apax Partners)
- Seat PG - €5.650Bn (Directory information services)
- Just Retirement - €298m [4]
[edit] References and footnotes
- ^ "European private equity firm to buy Renaissance Learning" The Business Journal, 16 August 2011
- ^ "Birds Eye brands sold for £1.1bn" BBC news, 28 August 2006
- ^ Captain Birds Eye actor dies, The Guardian, 20 March 2008
- ^ "Just Retirement sold for €298m" Permira, 27 November 2009
[edit] External links
- Official site
- Jet Aviation -- subsidiary company.
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