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Permira

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Permira
Company typeLimited liability partnership
IndustryPrivate equity
Growth capital
Founded1985; 39 years ago (1985)
Headquarters
London
,
United Kingdom[1]
ProductsLeveraged buyout
AUM€30 Billion[2]
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 200 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

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 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. Permira opened an office in New York City in 2002, one in Tokyo in 2005 and one in Hong Kong in 2008. It also opened an office in Menlo Park in 2008.[3]

Recent investments

  • 2018 - Acquisition of Cisco's NDS devision
  • 2017 – Acquisition of DiversiTech Corporation[4]
  • 2016 – Acquisition of Schustermann & Borenstein (Best Secret)[5]
  • 2015 – Acquisition of Medora Snacks and Ideal Snacks. Medora Snacks manufacturers branded better for you snacks while Ideal is the leading contract manufacturer of better for you diversified popped snacks [6]
  • 2015 – Acquisition of Vacalians Group, a major European campsite and mobile home company operating under the Tohapi brand [7]
  • 2015 – Acquisition of GFKL Financial Services, a leading provider of receivables management services in Germany [8]
  • 2015 – Acquisition of Informatica, the world's number one independent provider of enterprise data integration software and services [9]
  • 2014 – Acquisition of Teraco Data Environments, Sub-Saharan Africa's leading provider of carrier neutral datacenter services [10]
  • 2014 – Acquisition of Metalogix, leading provider of management tools for mission critical collaboration platforms [11]
  • 2014 – Acquisition of TeamViewer, developer and distributor of solutions for online communication, collaboration and remote monitoring of IT systems[12]
  • 2014 – Acquisition of Tilney and Bestinvest, the wealth manager and online investment service based in the United Kingdom.[13]
  • 2014 – Acquisition of $200 million of the outstanding equity of LegalZoom.[14]
  • 2013 – Acquisition of R Griggs Group, parent of the Doc Martens brand for 300 million pounds or USD $485.7 million.[15]

Recent realisations

(full realisations only; does not include partial realisations)

  • 2015 – New Look Retail Group, leading international value fashion brand[16]
  • 2015 – Iglo Group, Europe's largest frozen food business[17]
  • 2015 – Hugo Boss, leading company in premium and luxury segment of the apparel market[18]
  • 2015 – Arysta LifeScience Limited, one of the world's largest agrochemical businesses[19]
  • 2014 – Renaissance Learning, leading provider of technology-based school improvement and student assessment programmes[20]
  • 2014 – All3Media, leading creator of television, film and digital content[21]
  • 2014 – ProSiebenSat.1, one of the largest independent media corporations in Europe[22]

Current investments

The Permira funds are invested in the following companies:

  • Exclusive Group, Pan-global distributor, majority stake- well over €1b[23]
  • Atrium Innovations, leader in the manufacturing, development and commercialisation of innovative, science based health products – €754m[24]
  • CABB, integrated supplier of fine and speciality chemicals and customer manufacturing solutions – €819m[25]
  • Dr Martens, iconic British footwear brand – €380m[26]
  • Legal Zoom, online legal services company – €158m[27]
  • Pantheon Healthcare Group, formerly MESA and Astral – €161m[28]
  • Metalogix, leading provider of online management tools[29]
  • TeamViewer, global provider of secure remote support software – €870m[30]
  • Teraco Data Environment, largest provider of carrier neutral datacenter services in sub Saharan Africa[31]
  • Tilney Bestinvest, formerly Bestinvest, a leading private client wealth management firm and Tilney, a wealth manager – €243m[32]
  • Akindo Sushiro, sushi restaurant chain, Japan – €800m[33]
  • Ancestry.com, global leader in online family history – €1.266b[34]
  • Asia Broadcast Satellite, premium Fixed Satellite Services operator – €184m[35]
  • BakerCorp, temporary liquid and solid containment, pump, filtration and trench solutions – €714m[36]
  • Creganna Medical, global provider of outsourced solutions to the medical device industry – €223m[37]
  • eDreams ODIGEO, a combination of a trio of travel companies: eDreams, Go Voyages and Opodo – €1048m[38]
  • Genesys, leading supplier of enterprise software and solutions – €1,237m[39]
  • Intelligrated, automated material handling solutions, USA – €443m[40]
  • Just Retirement, specialist financial services, UK – €298m[41]
  • Netafim, smart drip and micro irrigation solutions, Israel, €800m[42]
  • Pharmaq, world leading aquatic health groups – €250m[43]
  • Saga (Acromas), financial services to people aged over 50 in the UK – €9,685m[44]
  • Sisal, Italian gaming operator – €1,348m[45]
  • Telepizza, home delivery and takeaway pizza business – €962m[46]
  • Cortefiel, Spanish clothing retailer – €1,802m[47]

References

  1. ^ "Permira: Overview". LinkedIn. Retrieved 31 March 2013.
  2. ^ "Permira - Permira Today". Retrieved 3 May 2016.
  3. ^ "Permira - Permira Today". Retrieved 3 May 2016.
  4. ^ "Permira Funds Complete Acquisition of DiversiTech". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  5. ^ "Permira Funds to acquire leading German omnichannel premium fashion retailer Schustermann & Borenstein from Ardian". {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  6. ^ [1], Food Business News, 10 June 2015
  7. ^ [2], Unquote.com
  8. ^ [3], Reuters, 18 May 2015
  9. ^ [4], Bloomberg, 7 April 2015
  10. ^ [5], Reuters, 4 December 2014
  11. ^ [6], Private Equity Wire, 31 October 2014
  12. ^ "The Permira Funds complete the acquisition of TeamViewer". TeamViewer. Retrieved 18 July 2014.
  13. ^ [7], Telegraph, 6 November 2013
  14. ^ "Permira Acquires $200 Million of LegalZoom Equity". BusinessWire. Retrieved 10 March 2014.
  15. ^ Neel, Julia (October 24, 2013). "Permira Acquires Dr. Martens". WWD. Retrieved 24 October 2013.
  16. ^ [8] Financial Times, 15 May 2015
  17. ^ [9] Bloomberg, 20 April 2015
  18. ^ [10] Wall Street Journal, 16 March 2015
  19. ^ [11] Financial Times, 20 October 2014
  20. ^ [12] Forbes, 13 March 2014
  21. ^ [13] Bloomberg, 9 May 2014
  22. ^ [14] Bloomberg, 17 January 2014
  23. ^ [15] Channelweb, 13 april 2018
  24. ^ [16] Bloomberg, 29 November 2013
  25. ^ [17] Bloomberg, 22 April 2014
  26. ^ [18] BBC News, 24 October 2013
  27. ^ [19] Reuters, 6 January 2014
  28. ^ [20] Health Investor, 8 August 2014
  29. ^ [21] Washington Technology, 3 November 2014
  30. ^ [22] Reuters, 16 June 2014
  31. ^ [23] 4 December 2014
  32. ^ [24] The Telegraph, 6 November 2013
  33. ^ Stephen Aldred and Junko Fujita (24 August 2012). "Permira buying Japan sushi restaurant chain in $1 billion deal". Reuters India. Retrieved 3 May 2016.
  34. ^ [25] Forbes, 22 October 2012
  35. ^ [26] Financial Times, 13 September 2010
  36. ^ [27] Wall Street Journal, 13 April 2011
  37. ^ [28] Financial Times, 7 October 2010
  38. ^ [29] Bloomberg, 6 March 2014
  39. ^ [30] New York Times, 19 October 2011
  40. ^ Jason Kelly (8 June 2012). "Permira to Buy Equipment Maker Intelligrated for $500 Million". Bloomberg.com. Retrieved 3 May 2016.
  41. ^ "Just Retirement valued at $1.8 bln in London share listing". Reuters. 12 November 2013. Retrieved 8 March 2014.
  42. ^ Permira to buy up to 61% of Israel's Netafim Reuters, 22 September 2011
  43. ^ [31] City AM, 2 April 2013
  44. ^ [32] The Guardian, 26 June 2007
  45. ^ [33] Bloomberg, 16 June 2014
  46. ^ [34] The Independent, 23 July 2006
  47. ^ [35] Financial News, 22 July 2005
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