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| Type | Limited liability partnership |
|---|---|
| Founded | 1985 |
| Headquarters |  London |
| Industry | Private Equity |
| Products | Leveraged Buyout |
| Employees | N/A |
| Website | www.permira.com |
Permira is an international private equity firm which has its largest office in London, and which is currently headed by Damon Buffini. Permira is the plural neutral form of the Latin adjective permirus[1], glossed by the firm as "very surprising, very different" [2].
The principal Permira entity is a United Kingdom limited liability partnership, Permira Advisers LLP. There are parallel entities in several European countries and in the United States.[3].
Permira acts as adviser to the nineteen Permira Funds, which in total are worth approximately 20 billion euros. These funds have invested in over 190 transactions in 15 different countries, and date as far back as 1985[4]. Permira's holdings have included Jet Aviation, a Swiss-based business aviation company purchased in 2005,[5] which was in turn sold in August 2008 to General Dynamics (NYSE:GD).[6]
Current investments
The firm is currently invested in the following companies:
- NDS Group - €2.461Bn (Digital TV technologies and applications, in partnership with News Corporation)
- Marazzi Group - €1.387Bn (ceramic tiles and sanitary ware)
- Arysta LifeScience - €1.947Bn (agrochemicals and pharaceuticals)
- Galaxy Entertainment Group - €593Mn (hotel and casino operator, circa 20% stake)
- Acromas Holdings - €9.685Bn (Holding company for The Automobile Association and Saga (UK)
- Valentino Fashion Group - €5.343Bn (fashion and luxury goods)
- Provimi - €1.721Bn (animal nutrition)
- ProSiebenSat.1 Media - €6.786Bn (pan-European broadcasting, shared company with Kohlberg Kravis Roberts)
- BorsodChem - €1.63Bn (Isocyanate-based chemicals and PVC)
- Birds Eye - €1.891Bn (European frozen foods company)[7][8]
- Freescale Semiconductor - €12.604Bn (Embedded semiconductors, in consortium led by Blackstone Group)
- Sisal SpA - €1.348Bn (betting and gaming operator in Italy)
- Principal Hayley Hotels - €473Mn (hotel and conference centre chain)
- Telepizza - €962Mn (Spanish home delivery and take-away pizza)
- All3Media - €531Mn (TV production company)
- TDC A/S - €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 Cinven)
- Cortefiel - €1.802Bn (Spanish clothing retailer, acquired jointly with PAI Partners and CVC Capital Partners)
- DinoSol Supermercados - €895Mn (Spanish food retailer)
- Maxeda - €2.517Bn (Dutch non-food retailer)
- New Look - €1.187Bn (High-street fashion retailer, along with Apax Partners)
- Seat PG - €5.650Bn (Directory information services)
- Cognis - €2.975Bn (Specialty chemicals, along with Goldman Sachs Capital Partners and SV Life Sciences)
References and footnotes
- ^ http://www.archives.nd.edu/cgi-bin/lookup.pl?stem=permir
- ^ Permira. "About Us". Permira corporate website. Permira. http://www.permira.com/en/about/aboutus.html. Retrieved 2007-02-26.
- ^ Permira. "Terms and conditions". Permira corporate website. Permira. http://www.permira.com/en/termsandconditions.html. Retrieved 2008-09-24.
- ^ Permira (About Us) -- corporate website
- ^ Jet Aviation Sold to Permira Funds
- ^ http://www.bloomberg.com/apps/news?pid=20601087&sid=at97YMGbUNco&refer=home General Dynamics buys Jet Aviation
- ^ "Birds Eye brands sold for £1.1bn" BBC news, 28 August 2006
- ^ Captain Birds Eye actor dies, The Guardian, 20 March 2008
External links
- Official site
- Jet Aviation -- subsidiary company.
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