Permira

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Permira
Limited liability partnership
Industry Private Equity
Founded 1985
Headquarters London, United Kingdom[1]
Products Leveraged Buyout
Number of employees
200
Website www.permira.com

Permira is a global investment firm that finds and backs successful businesses with ambition. Founded in 1985, the firm advises funds with a total committed capital of approximately €25 billion. The Permira funds make long-term investments in companies with the objective of transforming their performance and driving sustainable growth. In the past 30 years, the Permira funds have made over 200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology. Permira employs over 200 people including 120 investment professionals in 14 offices across North America, Europe, the Middle East and Asia.[2]

The Permira funds have a long track record of successfully investing in consumer companies around the world and achieving attractive returns for investors. Since 1997, they have invested over €7.0bn in over 25 consumer companies, including Dr Martens, Atrium, Akindo Sushiro, eDreams Odigeo, Hugo Boss, Valentino, Galaxy Entertainment, iglo group, Sisal and New Look.[3]

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. [4]

Recent investments

  • 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 [5]
  • 2015 - Acquisition of Vacalians Group, a major European campsite and mobile-home company operating under the Tohapi brand [6]
  • 2015 - Acquisition of GFKL Financial Services, a leading provider of receivables management services in Germany [7]
  • 2015 - Acquisition of Informatica, the world's number one independent provider of enterprise data integration software and services [8]
  • 2014 - Acquisition of Teraco Data Environments, Sub-Saharan Africa's leading provider of carrier neutral datacenter services [9]
  • 2014 - Acquisition of Metalogix, leading provider of management tools for mission-critical collaboration platforms [10]
  • 2014 - Acquisition of TeamViewer, developer and distributor of solutions for online communication, collaboration and remote monitoring of IT systems[11]
  • 2014 - Acquisition of Tilney and Bestinvest, the UK wealth manager and online investment service. [12]
  • 2014 - Acquisition of $200 million of the outstanding equity of LegalZoom.[11]
  • 2013 - Acquisition of R Griggs Group, parent of the Doc Martens brand for 300 million pounds or USD $485.7 million.[13]

Recent realisations

(full realisations only; does not include partial realisations)

  • 2015 - New Look Retail Group, leading international value fashion brand[14]
  • 2015 - Iglo Group, Europe's largest frozen food business[15]
  • 2015 - Hugo Boss, leading company in premium and luxury segment of the apparel market[16]
  • 2015 - Arysta LifeScience Limited, one of the world's largest agrochemical businesses[17]
  • 2014 - Renaissance Learning, leading provider of technology-based school improvement and student assessment programmes[18]
  • 2014 - All3Media, leading creator of TV, film and digital content[19]
  • 2014 - ProSiebenSat.1, one of the largest independent media corporations in Europe[20]

Current investments

The Permira funds are invested in the following companies:

  • Atrium Innovations, leader in the manufacturing, development and commercialisation of innovative, science-based health products - €754m[21]
  • CABB, integrated supplier of fine and speciality chemicals and customer manufacturing solutions - €819m[22]
  • Dr Martens, iconic British footwear brand - €380m[23]
  • Legal Zoom, online legal services company - €158m[24]
  • Pantheon Healthcare Group, formerly MESA and Astral - €161m[25]
  • Metalogix, leading provider of online management tools[26]
  • TeamViewer, global provider of secure remote support software - €870m[27]
  • Teraco Data Environment, largest provider of carrier-neutral datacenter services in sub-Saharan Africa[28]
  • Tilney Bestinvest, formerly Bestinvest, a leading private client wealth management firm and Tilney, a wealth manager - €243m[29]
  • Akindo Sushiro, sushi restaurant chain, Japan - €800m[30]
  • Ancestry.com, global leader in online family history - €1.266m[31]
  • Asia Broadcast Satellite, premium Fixed Satellite Services operator - €184m[32]
  • BakerCorp, temporary liquid and solid containment, pump, filtration and trench solutions - €714m[33]
  • Creganna Medical, global provider of outsourced solutions to the medical device industry - €223m[34]
  • eDreams ODIGEO, a combination of a trio of travel companies: eDreams, Go Voyages and Opodo - €1048m[35]
  • Genesys, leading supplier of enterprise software and solutions - €1,237m[36]
  • Intelligrated, automated material handling solutions, USA - €443m[37]
  • Just Retirement, specialist financial services, UK - €298m[38]
  • Netafim, smart drip and micro irrigation solutions, Israel, €800m[39]
  • Pharmaq, world leading aquatic health groups - €250m[40]
  • Saga (Acromas), financial services to people aged over 50 in the UK - €9,685m[41]
  • Sisal, Italian gaming operator - €1,348m[42]
  • Telepizza, home delivery and take-away pizza business - €962m[43]
  • Cortefiel, Spanish clothing retailer - €1,802m[44]

References

  1. Lua error in package.lua at line 80: module 'strict' not found.
  2. [1] Yahoo Finance, 9 June 2015
  3. [2] Yahoo Finance, 9 June 2015
  4. http://www.permira.com/permira-today/
  5. [3], Food Business News, 10 June 2015
  6. [4], Unquote.com
  7. [5], Reuters, 18 May 2015
  8. [6], Bloomberg, 7 April 2015
  9. [7], Reuters, 4 December 2014
  10. [8], Private Equity Wire, 31 October 2014
  11. 11.0 11.1 Lua error in package.lua at line 80: module 'strict' not found. Cite error: Invalid <ref> tag; name "LegalZoom" defined multiple times with different content
  12. [9], Telegraph, 6 November 2013
  13. Lua error in package.lua at line 80: module 'strict' not found.
  14. [10] Financial Times, 15 May 2015
  15. [11] Bloomberg, 20 April 2015
  16. [12] Wall Street Journal, 16 March 2015
  17. [13] Financial Times, 20 October 2014
  18. [14] Forbes, 13 March 2014
  19. [15] Bloomberg, 9 May 2014
  20. [16] Bloomberg, 17 January 2014
  21. [17] Bloomberg, 29 November 2013
  22. [18] Bloomberg, 22 April 2014
  23. [19] BBC News, 24 October 2013
  24. [20] Reuters, 6 January 2014
  25. [21] Health Investor, 8 August 2014
  26. [22] Washington Technology, 3 November 2014
  27. [23] Reuters, 16 June 2014
  28. [24] 4 December 2014
  29. [25] The Telegraph, 6 November 2013
  30. Permira buying Japan sushi restaurant chain in $1 billion deal
  31. [26] Forbes, 22 October 2012
  32. [27] Financial Times, 13 September 2010
  33. [28] Wall Street Journal, 13 April 2011
  34. [29] Financial Times, 7 October 2010
  35. [30] Bloomberg, 6 March 2014
  36. [31] New York Times, 19 October 2011
  37. Permira to Buy Equipment Maker Intelligrated for $500 Million
  38. Lua error in package.lua at line 80: module 'strict' not found.
  39. Permira to buy up to 61% of Israel's Netafim Reuters, 22 September 2011
  40. [32] City AM, 2 April 2013
  41. [33] The Guardian, 26 June 2007
  42. [34] Bloomberg, 16 June 2014
  43. [35] The Independent, 23 July 2006
  44. [36] Financial News, 22 July 2005