Permira News
13 articles
growth-positive
Gadi Mazor, CEO of BioCatch, added at Tech TLV: "Fifteen years ago, companies were sold for $30M. Today, deals are reaching $400 million or more, and many leaders prefer to focus on long-term growth." Ran Maidan, Senior Adviser and Head of Israel at investment firm Permira, added: "We look for a large and growing market, along with a company solving a significant problem—and BioCatch does exactly that."
BioCatch, a company focused on addressing fraud-related challenges, has been acquired by investment firm Permira, which now holds a majority stake. The acquisition, valued at $1.3 billion, marks a significant milestone for BioCatch, which has seen substantial revenue growth from $32 million to $150 million. The partnership with Permira is seen as a strategic move to support long-term growth, with plans to eventually take the company public. The acquisition reflects a broader trend in the Israeli tech sector, where companies are increasingly focusing on sustainable growth rather than quick exits.
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On its way to another exit: Permira is setting up an Israel representative office
European investment firm Permira Holdings Inc. is establishing a local representative office in Israel to repeat the success stories of Netafim and NDS. Ran Maidan, former CEO of Netafim, will lead Permiras Israeli operations and also function as a senior consultant for its global operations. Permira sold Netafim at a $1.9 billion valuation in 2018 and aims to take companies worth $1 billion and turn them into companies worth $5 to $10 billion. The new Tel Aviv representative office will join Permiras 14 existing global offices. Permira manages assets worth over $50 billion and has invested in 260 companies over its 35 years of operation.
PartnersInvestment
growth-positive
Comeback kid Permira hits biggest close yet with €11B mega-fund PitchBook
London-based private equity firm Permira has closed its seventh flagship fund (P7) on €11 billion (around $12.2 billion) in less than a year. The fund will focus on businesses within the technology, consumer, financial services, healthcare, and industrial tech and services industries. Permiras previous fundraising efforts were impacted by the global financial crisis, but P7 marks a return to form. The firm is rumored to be pursuing several massive deals, including the acquisition of Scout24s auto unit and a potential deal with cybersecurity giant Symantec. Permira also recently received a cash influx through the listing of German software company TeamViewer.
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Permira nears close of $1.7bn growth fund
Permira targets €2.5bn for European direct lending fund
growth-positive
Permira closes third debt fund at €1.7bn
Permira has closed its third debt fund at €1.7bn, with investments from various regions.
Investment
growth-positive
https://www.bloomberg.com/news/articles/2016-07-26/permira-said-to-reach-first-close-of-6-9-billion-in-latest-fund
Permira Advisers has reached a first close of 6.3 billion euros for its latest global buyout fund, putting it on track to reach its hard cap by the end of September. The fund will focus on the technology, consumer, industrials, financial services, and health-care sectors.
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growth-positive
Permira Raises €800m for Debt Fund
Permiras debt management arm has closed its first dedicated direct lending vehicle on €800 million, with a total of €1.1 billion available capital for the vehicle due to leverage.
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Permira raises €400m for debt fund
Permira Debt Managers has raised €400m for its second debt fund.
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Permira Closes Permira V at €5.3 Billion
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UPDATE 2-Permira hires ex-Goldman banker to boost China team
Private equity firm Permira has hired former Goldman Sachs banker Alan Chen as head of its mainland China business, as it builds a team to source deals in China’s private equity market. Permira has also hired Christian Paul from Alix Capital as portfolio director to manage its investments. The new hires follow the appointments of Henry Chen and Alex Emery as co-heads of Asia earlier this year. Permiras expansion into China reflects the increasing interest of European private equity firms in the Chinese market. Capital committed to China’s private equity market totaled $652 billion at the end of June.
PartnersExpand
growth-positive
Permira sets sights on South Korea
Permira, Britains biggest buyout firm, is considering investing in South Korea despite hostility towards foreign investment groups in the country. The company has hired a former executive at Warburg Pincus to evaluate the South Korean buyout market. Permira is also reviewing a broader strategy for Asia, including a potential move into Greater China. The credit crunch in Europe and the US is driving private-equity buyers to pay closer attention to Asia. Permira, which has its only Asian office in Tokyo, is currently investing its largest fund raised to date. The company has declined to comment on its plans.
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growth-positive
Permira announces first closing of Permira Europe III
Permira announces the first closing of its third pan-European Fund, Permira Europe III, with commitments exceeding 3 billion. The fund has attracted 65 investors, with 72% being existing investors. The investment strategy will focus on leveraged and unleveraged acquisitions in European businesses or global businesses with a strong European presence. Deal sizes will range from 100 million to 3 billion. The first closing comes four months after the publication of the Funds Information Memorandum.
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