Permira: Difference between revisions
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* 2010 – Acquisition of [http://www.edreams.co.uk/ eDreams], online travel agency, Spain, which was then merged with Go Voyages and Opodo to form OdigeO |
* 2010 – Acquisition of [http://www.edreams.co.uk/ eDreams], online travel agency, Spain, which was then merged with Go Voyages and Opodo to form OdigeO |
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* 2009 – Acquisition of [http://www.justretirement.com/ Just Retirement], specialist financial services, UK |
* 2009 – Acquisition of [http://www.justretirement.com/ Just Retirement], specialist financial services, UK |
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* 2008 - Majority stake in [[NDS Group Ltd.]]; purchased from [[News Corporation]] <ref>Dan Sabbagh, [http://www.guardian.co.uk/media/2012/mar/26/ofcom-news-corp-bskyb-computer-hacking Investigation will have made interesting viewing for Ofcom's News Corp team], Guardian, 26 March 2012.</ref> |
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== Recent Permira funds realisations== |
== Recent Permira funds realisations== |
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Revision as of 16:29, 27 March 2012
| File:Permira-logo.png | |
| Company type | Limited liability partnership |
|---|---|
| Industry | Private Equity |
| Founded | 1985 |
| Headquarters | London, United Kingdom |
| Products | Leveraged Buyout |
Number of employees | 200 |
| Website | www.permira.com |
Founded in 1985, Permira is a European private equity firm with global reach. 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 more than €16 billion to investors.
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.
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 led by two co-managing partners Kurt Björklund and Tom Lister.
History
Permira was founded in 1985 as a number of country-specific separate businesses operating under the Schroder Ventures brand. In 1996, the UK, 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. In 2002, Permira began the process of expanding beyond its European roots with the opening of an office in New York, our first in North America. While continuing to expand its coverage in Northern and Southern Europe, the firm established its first Asian office in Tokyo in 2005 followed three years later by Hong Kong. The latest chapter in the firm’s expansion was the opening of an office on the west coast of the US in Menlo Park in 2008 to support the funds’ investments in the technology sector.
Recent Permira funds investments
- 2012 – Acquisition of Genesys, customer service software solutions, USA
- 2011 – Acqusition of Netafim, smart drip and micro irrigation solutions, Israel
- 2011 – Acquisition of Renaissance Learning, education software and technology, USA
- 2011 – Acquisition of BakerCorp, liquid and solid containment, pump, filtration and trench storing solutions ,USA
- 2010 – Acquisition of Creganna-Tactx Medical, outsourced solutions to medical device manufacturers, Ireland
- 2010 – Acquisition of Asia Broadcast Satellite, fixed satellite services, Hong-Kong
- 2010 – Acquisition of Findus Italy , branded frozen food, Italy, by theBirds Eye iglo Group
- 2010 – Acquisition of eDreams, online travel agency, Spain, which was then merged with Go Voyages and Opodo to form OdigeO
- 2009 – Acquisition of Just Retirement, specialist financial services, UK
- 2008 - Majority stake in NDS Group Ltd.; purchased from News Corporation [2]
Recent Permira funds realisations
(full realisations only; does not include partial realisations)
- 2011 – Provimi , animal nutrition, Netherlands
- 2010 – Cognis, speciality chemicals, Germany
- 2008 - Jet Aviation, business aviation services, Switzerland
- 2008 – debitel, mobile telephone services, Germany
- 2008 – Intelsat, fixed satellite services, USA
- 2007 - Aearo Technologies, personal protection equipment, USA
Current Investments
The firm is invested in the following companies:
- Acromas, AA, roadside assistance, and Saga, financial services to people aged over 50, UK - €9,685m
- All3Media, TV production, UK - €531m
- Arysta LifeScience, agrochemicals and pharmaceuticals, Japan - €1,948m
- Asia Broadcast Satellite, fixed satellite services, Hong-Kong - c.€180m
- BakerCorp, liquid and solid containment, pump, filtration and trench storing solutions, USA - €714m
- Cortefiel, clothing retailer, Spain - €1,802m
- Creganna Tactx-Medical, outsourced solutions to medical device manufacturers, Ireland - €220m
- Freescale Semiconductor, design and manufacture of embedded semiconductors, USA - €12,604m
- Galaxy Entertainment, casino and hotel operator, Greater China - €593m
- Genesys, customer service software solutions, USA - €1,237m
- Hugo Boss & Valentino, fashion and luxury goods, Germany / Italy - €5,343m
- [[Iglo|[[iglo Group]]]], branded frozen food, UK - €1,891m
- Just Retirement, specialist financial services, UK - €298m
- Marazzi, design, manufacturing and distribution of ceramic tiles, Italy - €1,387m
- Maxeda, DIY retailer, Netherlands - €2,517m
- Netafim, smart drip and micro irrigation solutions, Israel, €800m
- NDS, technology provider to video content owners and aggregators, UK - €2,461m
- New Look, high-street apparel retailer, UK - €1,187m
- OdigeO, online travel agency, Spain / France - €250m+
- ProSiebenSat.1, broadcasting group, Germany - €6,786m
- Renaissance Learning, education software and technology , USA - €328m
- SEAT Pagine Gialle, directory advertising and web services, Italy - €5,650m
- Sisal , gaming operator, Italy - €1,348m
- TDC, communications solutions, Denmark - €13,400m
- Telepizza home delivery and take away pizza, Spain - €962m
Investors in the Permira Funds
Permira's 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
The Social Business Trust
Permira is a founding partner of Social Business Trust (SBT)], a social enterprise fund. Since launching in December 2010, SBT has made five investments - Women Like Us, The Challenge Network, Moneyline, the London Early Years Foundation and the Inspiring Futures Foundation. SBT is a partnership of six leading global companies (Bain & Co, Clifford Chance, Credit Suisse, Ernst & Young, Permira and Thomson-Reuters) dedicated to transforming social enterprises by providing £10m of growth capital and skilled support.
References
- ^ Capital raised since inception in 1984
- ^ Dan Sabbagh, Investigation will have made interesting viewing for Ofcom's News Corp team, Guardian, 26 March 2012.
Hugo Boss, “Hugo Boss defies the gloom”, City AM, 3 November 2011 Alcatel Lucent, “Alcatel-Lucent sells Genesys for $1.5bn”, Financial Times, 19 October 2011 Renaissance Learning, “Renaissance accepts improved Permira bid, snubs Plato Learning”, Reuters, 27 September 2011, Netafim, “Permira to buy up to 61% of Israel's Netafim”, Reuters, 22 September 2011 Provimi, “Cargill in €1.5bn deal for Provimi, Financial Times”, 15 August 2011 iglo Group, “Fish fingers and a boss's 'sweat money' help keep Captain Birdseye sailing”, Mail on Sunday, 6 August 2011, eDreams/OdigeO, “Opodo-eDreams-GoVoyages lauded as new European agency powerhouse”, Tnooz, 3 July 2011 Interview with Kurt Björklund and Tom Lister, Financial Times, 7 December 2009, FT
External links
Official site: www.permira.com Social Business Trust: www.socialbusinesstrust.org
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