Permira
Encyclopedia
Permira is a United Kingdom
-based private equity
firm with global reach. The firm advises funds with a total committed capital
of approximately €20 billion.
Permira was founded in 1985, has made over 190 private equity investments
and has returned €16 billion to investors over the past decade. Permira have an international team of investment professionals with a wide range of backgrounds and experiences.
Permira is wholly independent and owned by its Partners
. The firm is led by two co-managing partners, Kurt Björklund and Tom Lister. The firm's teams are based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Stockholm and Tokyo. Permira specialise in five key sectors
of activity: Consumer
, Financial Services
, Healthcare, Industrials and TMT (Technology, Media, Telecommunications).
To meet the desire of their professionals and to give something back to their communities, Permira works with a number of social initiatives.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm with global reach. The firm advises funds with a total committed capital
Financial capital
Financial capital can refer to money used by entrepreneurs and businesses to buy what they need to make their products or provide their services or to that sector of the economy based on its operation, i.e. retail, corporate, investment banking, etc....
of approximately €20 billion.
Permira was founded in 1985, has made over 190 private equity investments
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
and has returned €16 billion to investors over the past decade. Permira have an international team of investment professionals with a wide range of backgrounds and experiences.
Permira is wholly independent and owned by its Partners
Business partner
Business partner is a term used to denote a commercial entity with which another commercial entity has some form of alliance. This relationship may be a highly contractual, exclusive bond in which both entities commit not to ally with third parties...
. The firm is led by two co-managing partners, Kurt Björklund and Tom Lister. The firm's teams are based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Stockholm and Tokyo. Permira specialise in five key sectors
Economic sector
An economy may include several sectors , that evolved in successive phases.* The ancient economy was mainly based on subsistence farming....
of activity: Consumer
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
, Financial Services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
, Healthcare, Industrials and TMT (Technology, Media, Telecommunications).
To meet the desire of their professionals and to give something back to their communities, Permira works with a number of social initiatives.
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
Recent Permira Funds Investments
- 2010 – The acquisition of Findus Italy by Birds Eye iglo GroupBirds Eye__FORCETOC__Birds Eye is an international brand of frozen foods owned by Pinnacle Foods in North America and by private equity group Permira in Europe....
- 2010 – eDreams, an online travel agency
- 2009 - Just Retirement, a specialist financial services business
- 2009 – NDSNDS GroupNDS Group Plc. is a developer of pay TV technology. NDS was established in 1988 as an Israeli start up company. It was acquired by News Corporation in 1992. The company is currently headquartered in Staines, United Kingdom...
, a technology company servicing the media industry
Current investments
The firm is currently invested in the following companies:- Renaissance LearningRenaissance LearningRenaissance Learning Inc. is an educational software and hardware company, publicly traded on the NASDAQ exchange under the ticker symbol RLRN. It is headquartered in Wisconsin Rapids, Wisconsin, USA, with offices in Canada, and the United Kingdom...
- $440M / €306M (educational softwareEducational softwareEducational software is computer software, the primary purpose of which is teaching or self-learning.-Early History, 1940s - 1970s:The use of computer hardware and software in education and training dates to the early 1940s, when American researchers developed flight simulators which used analog...
and hardwareEducational technologyEducational technology is the study and ethical practice of facilitating learning and improving performance by creating, using and managing appropriate technological processes and resources." The term educational technology is often associated with, and encompasses, instructional theory and...
company) - NDS GroupNDS GroupNDS Group Plc. is a developer of pay TV technology. NDS was established in 1988 as an Israeli start up company. It was acquired by News Corporation in 1992. The company is currently headquartered in Staines, United Kingdom...
- €2.461Bn (Digital TV technologies and applications, in partnership with News CorporationNews CorporationNews Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
) - Marazzi Group - €1.387Bn (ceramic tiles and sanitary ware)
- Arysta LifeScience - €1.947Bn (agrochemicals and pharaceuticals)
- Galaxy Entertainment GroupGalaxy Entertainment Group銀河娛樂集團 Galaxy Entertainment Group is an investment holding company listed on the Hong Kong Stock Exchange that owns and operates hotels and casinos in Macau through its subsidiary, Galaxy Casino S.A....
- €593Mn (hotelHotelA hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
and casinoCasinoIn modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
operator, circa 20% stake) - Acromas HoldingsAcromas HoldingsAcromas Holdings is the parent company for the merged Automobile Association and Saga Group. The company was formed in May 2007, ahead of the merger the following September.The company also owns Drakefield Insurance, which the AA acquired in May 2007....
- €9.685Bn (Holding companyHolding companyA holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for The Automobile AssociationThe Automobile AssociationThe Automobile Association , a British motoring association founded in 1905 was demutualised in 1999 to become a private limited company which currently provides car insurance, driving lessons, breakdown cover, loans and motoring advice, and other services...
and Saga (UK) - Valentino Fashion GroupValentino Fashion GroupThe Valentino Fashion Group S.p.A is a significant Italian clothing company which operates in over 110 countries and has 1,600 single-brand boutiques and 433 directly managed shops. In 2005 Marzotto S.a.A separated their organization into two different companies, one for textiles and the other for...
- €5.343Bn (fashion and luxury goods) - ProvimiProvimiProvimi is a company specializing in animal nutrition and related products. It is a worldwide market leader in premixes. In the thirties it started selling a product under the name Provimi, a mixture of three basic elements in every animal feed and this is where the present name is derived from:...
- €1.721Bn (animal nutritionAnimal nutritionThere are seven major classes of nutrients: carbohydrates, fats, fiber, minerals, protein, vitamin, and water.These nutrient classes can be categorized as either macronutrients or micronutrients . The macronutrients are carbohydrates, fats, fiber, proteins, and water...
) - ProSiebenSat.1 MediaProSiebenSat.1 MediaProSiebenSat.1 Media AG is a European media conglomerate, operating commercial television, premium pay channels, radio stations and related print businesses. It was formed on October 2, 2000 by merger of German TV broadcasters ProSieben Media AG and Sat.1 SatellitenFernsehen GmbH...
- €6.786Bn (pan-European broadcasting, shared company with Kohlberg Kravis Roberts) - BorsodChemBorsodChemBorsodChem is a chemical company headquartered in Kazincbarcika, Hungary, which produces and processes plastic raw materials and isocyanates. BorsodChem manages its two other production plants in Ostrava, the Czech Republic and Blachownia, Poland...
- €1.63Bn (IsocyanateIsocyanateIsocyanate is the functional group of elements –N=C=O , not to be confused with the cyanate functional group which is arranged as –O–C≡N or with isocyanide, R-N≡C. Any organic compound which contains an isocyanate group may also be referred to in brief as an isocyanate. An isocyanate may have more...
-based chemicals and PVCPVCPolyvinyl chloride is a plastic.PVC may also refer to:*Param Vir Chakra, India's highest military honor*Peripheral venous catheter, a small, flexible tube placed into a peripheral vein in order to administer medication or fluids...
) - Birds EyeBirds Eye__FORCETOC__Birds Eye is an international brand of frozen foods owned by Pinnacle Foods in North America and by private equity group Permira in Europe....
- €1.891Bn (European frozen foods company) - Freescale SemiconductorFreescale SemiconductorFreescale Semiconductor, Inc. is a producer and designer of embedded hardware, with 17 billion semiconductor chips in use around the world. The company focuses on the automotive, consumer, industrial and networking markets with its product portfolio including microprocessors, microcontrollers,...
- €12.604Bn (Embedded semiconductors, in consortium led by Blackstone GroupBlackstone GroupThe Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
) - Sisal SpA - €1.348Bn (betting and gaming operator in Italy)
- Principal Hayley GroupPrincipal Hayley GroupPrincipal Hayley Group is a Harrogate, North Yorkshire based hotel and conference venue operator.Formed from a management buyout of a basic 6 hotel group in 2006, backed by Private Equity firm Permira, the company presently operates 25 locations, mainly in the UK...
- €473Mn (hotelHotelA hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
and conference centre chain) - TelepizzaTelepizzaTelepizza is a pizza chain that operates in Spanish speaking countries and in countries of the European Union. It was founded in 1987 by capital of Galicia and Madrid, with the excision of the galician part would be create Pizza Móvil in 1989...
- €962Mn (Spanish home delivery and take-away pizza) - All3MediaAll3MediaAll3Media is a television production company which makes programmes under several different subsidiaries. The company was formed in 2003 following the acquisition of Chrysalis Group's television arm which was rebranded North One....
- €531Mn (TV production company) - TDC A/STDC A/STDC A/S is the former telecom monopoly in Denmark. It is now privatized. Thus, it is the biggest company in all aspects of telecommunications in Denmark with landline, mobile, Internet, VHF maritime borderline-radio etc.By the end of 2004, the TDC Group had more than 13.4 mil. customers in Europe:...
- €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 CinvenCinvenCinven is a British private equity firm founded in 1977 with offices in London, Paris, Frankfurt, Milan and Hong Kong. Currently, the company has raised four funds, with the last one signing up €6.5 billion...
) - CortefielCortefielGrupo Cortefiel is the second largest apparel retailer in Spain through Cortefiel , Springfield and Women's Secret . The Iberian Peninsula accounts for more than 85% of the revenues of the group...
- €1.802Bn (Spanish clothing retailer, acquired jointly with PAI PartnersPAI PartnersPAI partners is a major European private equity house and is the leading private equity investor in the French market. It is one of the oldest and most experienced firms in the sector with its origins dating back to Paribas Affaires Industrielles, the historical principal investment activity of...
and CVC Capital PartnersCVC Capital PartnersCVC Capital Partners is one of the top five largest private equity firms globally with approximately US$46 billion in funds focused on management buyouts...
) - DinoSol SupermercadosDinoSolDinoSol operate the following stores:HiperDino Express A chain of convenience stores and small supermarkets operating in the Canary IslandsHiperDino A chain of supermarkets and hypermarkets operating in the Canary Islands...
- €895Mn (Spanish food retailer) - MaxedaMaxedaMaxeda is a Dutch retail group that operates in Europe, the Middle East and Dutch dependencies in North America. It is the result of the merger of Koninklijke Bijenkorf Beheer and Vendex. The firm is mostly known for their successful department stores...
- €2.517Bn (Dutch non-food retailer) - New LookNew Look (store)New Look is a British global fashion retailer with a chain of high street shops in Britain, Belgium, France, The Netherlands, Republic of Ireland, Malta, Singapore and the United Arab Emirates.-History:...
- €1.187Bn (High-street fashion retailer, along with Apax PartnersApax PartnersApax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised...
) - Seat PGSeat Pagine GialleSEAT Pagine Gialle is an Italian telephone directories and street maps publisher, active also in the online advertising sector. The UK subsidiary is Thomson Directories Ltd.-External links:***...
- €5.650Bn (Directory information services) - Just Retirement - €298m
External links
- Official site
- Jet Aviation -- subsidiary company.