Permira | Jotup

Alter Domus secures strategic investment from Cinven

Retrieved on:

Monday, March 4, 2024

Banking, Asset Management, Professional Services, Finance, Goldman Sachs, DLA Piper, Financial services, Supervisory board, Growth, Permira, Enterprise value, Commercial, AUA, PwC, Corporate services, Piper, Partnership, Cryptocurrency

Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.

Key Points:

Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.
Through the transaction, Cinven will support the long-term strategic growth of Alter Domus, working in close partnership with the founders of Alter Domus and Permira, who will continue to be significant shareholders.
Their continued involvement and investment in the firm is a huge endorsement for Alter Domus as a business, its global growth strategy to date and its future potential.
The investment from Cinven is a significant milestone in the development of Alter Domus as it continues along this trajectory.

WestCap Welcomes Michael Sotirhos as Head of Capital Formation and Strategy To Drive Global Growth

Retrieved on:

Thursday, January 25, 2024

Merrill (company), Partner, SAN, CFO, Permira, Private equity, Real estate, Tactic, Partner (business rank), Tosi, Capital formation, Atlantic-Pacific Capital

SAN FRANCISCO, Jan. 25, 2024 /PRNewswire/ -- WestCap, a strategic operating and investing firm, is pleased to announce that Michael Sotirhos has joined the firm as the Head of Capital Formation and Strategy, a newly created role. Previously, Sotirhos was a Senior Managing Director at Blackstone in the Institutional Client Solutions Group, covering Blackstone's $300B various Private Equity, Growth and Tactical Opportunities businesses. In this new role, Sotirhos rejoins WestCap's Managing Partner and Founder, Laurence A. Tosi, formerly Senior Managing Director, CFO and Management Committee member at Blackstone. Sotirhos and Tosi worked together for several years at Blackstone and, prior to that, at Merrill Lynch. At WestCap, Sotirhos will lead and further institutionalize WestCap's Investor Relations team and co-investment process, broadening the firm's global investor base and driving expansion into new markets across Europe, Middle East and Australasia. He will be responsible for new product development, including working with WestCap's portfolio companies to distribute their products and services, and will also join WestCap's five person Management Committee.

Key Points:

Previously, Sotirhos was a Senior Managing Director at Blackstone in the Institutional Client Solutions Group, covering Blackstone's $300B various Private Equity, Growth and Tactical Opportunities businesses.
In this new role, Sotirhos rejoins WestCap's Managing Partner and Founder, Laurence A. Tosi, formerly Senior Managing Director, CFO and Management Committee member at Blackstone.
Sotirhos and Tosi worked together for several years at Blackstone and, prior to that, at Merrill Lynch.
Prior to Blackstone, Sotirhos was a Partner at Atlantic Pacific Capital, Inc., a placement firm focused on raising Private Equity, Real Estate and Hedge Fund capital from institutional investors worldwide.

Ares, Eurazeo, Barings Among Top 2023 European Direct Lenders - Lower Mid Market Deals Account for 80% of Transactions Despite Record Unitranche Size Raised

Retrieved on:

Tuesday, January 23, 2024

DACH, Corporate services, Traction, Health care, Permira, Intelligence, Business, ESG, TA Associates, Acquisition, Appetite, The Access Group, Bank

The league tables rank European direct lender activity in 2023 across factors including region and sub-region, loan size and sector.

Key Points:

The league tables rank European direct lender activity in 2023 across factors including region and sub-region, loan size and sector.
Additionally, the report explores overall deal flow in 2023 and lender activity in ESG-related deals.
European direct lending activity in 2023 totalled 680 deals with lower mid-market deals by far the most popular debt range, representing 80.5% of the market.
Unitranche deals dominated the market, making up 71.1% of the deals seen in 2023.

Ares, Eurazeo, Barings Among Top 2023 European Direct Lenders - Lower Mid Market Deals Account for 80% of Transactions Despite Record Unitranche Size Raised

Retrieved on:

Tuesday, January 23, 2024

DACH, Corporate services, Traction, Health care, Permira, Intelligence, Business, ESG, TA Associates, Acquisition, Appetite, The Access Group, Bank

The league tables rank European direct lender activity in 2023 across factors including region and sub-region, loan size and sector.

Key Points:

The league tables rank European direct lender activity in 2023 across factors including region and sub-region, loan size and sector.
Additionally, the report explores overall deal flow in 2023 and lender activity in ESG-related deals.
European direct lending activity in 2023 totalled 680 deals with lower mid-market deals by far the most popular debt range, representing 80.5% of the market.
Unitranche deals dominated the market, making up 71.1% of the deals seen in 2023.

Ergomed strongly positioned for future growth in new partnership with Permira

Retrieved on:

Tuesday, November 14, 2023

Acquisition, Miro, Patient, Contract research organization, Partnership, Growth, Health care, PV, Fine chemical, Permira, Pharmacovigilance

Investment to focus on commercial expansion, technology and strategic M&A

Key Points:

Investment to focus on commercial expansion, technology and strategic M&A
Guildford, UK and London, UK – 14 November 2023: Ergomed plc ("Ergomed") and Permira Advisers LLP ("Permira"), are pleased to announce the completion of the acquisition of Ergomed by funds advised by Permira (the “Permira Funds”) for £703.1 million.
Ergomed operates in growing markets which benefit from increasing complexity, regulatory requirements and outsourcing rates.
Permira brings operational expertise, a global network, capital and, equally importantly, a like-minded approach to how to accelerate our growth.
Through this partnership, we will help Miro and the team to further build and accelerate on the very strong foundation they have already laid.”

Monica Chase Joins TSG as Head of Investor Relations

Retrieved on:

Monday, November 27, 2023

Professional Services, Business, Finance, Asset Management, Consulting, Banking, The arts, University, Riverside Stadium, Equity, TSG Consumer Partners, Oliver Wyman, TSG, Growth, Permira, Economics

TSG Consumer Partners (“TSG”), a leading private equity firm, today announced that Monica Chase has joined the firm as Managing Director, Head of Investor Relations, based in the New York office.

Key Points:

TSG Consumer Partners (“TSG”), a leading private equity firm, today announced that Monica Chase has joined the firm as Managing Director, Head of Investor Relations, based in the New York office.
Monica will oversee TSG’s investor relations initiatives globally and lead the firm’s engagement with current and prospective investors.
Monica brings over 15 years of investor relations and fundraising experience.
She joins TSG from Permira, a global investment management firm, where she served as the Head of Investor Relations for North America since 2015.

eBay Supports Voluntary Offer to Acquire Adevinta

Retrieved on:

Tuesday, November 21, 2023

EBay, SAN, LionTree, Permira, USD, Schibsted, EBAY, Auction, Cryptocurrency

SAN JOSE, Calif., Nov. 21, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced its support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the "Offer"). As part of the transaction, eBay would sell 50% of its shares for an estimated USD $2.2 billion and would exchange the remaining shares for an equity stake of approximately 20% in the newly privatized company.

Key Points:

SAN JOSE, Calif., Nov. 21, 2023 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced its support for the voluntary tender offer led by Permira and Blackstone to acquire all the publicly traded shares of Adevinta (the "Offer").
"We strongly support this offer, which we firmly believe is in the best interests of our shareholders," said Jamie Iannone, Chief Executive Officer at eBay.
The Offer is being made through Aurelia Bidco Norway AS, a Norwegian private limited liability company established for the purpose of the Offer.
eBay would sell 50% of its stake in Adevinta in the transaction, receiving approximately USD $2.2 billion in cash upon closing.

E-commerce Pioneer Roy Rubin of Magento Talks Success and Strategy on DCKAP's Driven Podcast

Retrieved on:

Thursday, November 16, 2023

EBay, Adobe, Dormitory, Entrepreneurship, Fintech, Permira, Venture, Magento, Future, DCKAP, Marketplace, Digital, Online shopping

AUSTIN, Texas, Nov. 16, 2023 /PRNewswire/ -- On DCKAP's Driven podcast, Roy Rubin, Co-Founder and former CEO of Magento and founding partner of R-Squared Ventures, shared his insights on founding Magento, running a venture capital firm, and lessons he's learned as an entrepreneur. Magento, now operating as Adobe Commerce, has had of hundreds of thousands of online stores in the created on the e-commerce platform.

Key Points:

Magento, now operating as Adobe Commerce, has had of hundreds of thousands of online stores in the created on the e-commerce platform.
Magento later became an independent company by owner Permira private equity fund and then was acquired by Adobe for $1.68 billion.
A recurring theme in Rubin's career from his years at Magento and today at R-Squared Ventures is getting out of the way.
At both Magento and R-Squared Ventures, Rubin hires great talent, then empowers these strong leaders to create opportunities.

EQS-News: TeamViewer: New share buyback program of up to EUR 150 million, Permira with reduced representation in the Supervisory Board

Retrieved on:

Thursday, December 7, 2023

Saskatchewan River Sturgeon Management Board, Share repurchase, Partnership, TeamViewer, EUR, Annual, Management, Supervisory board, Supervision, Partner, Property management, Permira

TeamViewer: New share buyback program of up to EUR 150 million, Permira with reduced representation in the Supervisory Board

Key Points:

TeamViewer: New share buyback program of up to EUR 150 million, Permira with reduced representation in the Supervisory Board
The issuer is solely responsible for the content of this announcement.
TeamViewer: New share buyback program of up to EUR 150 million, Permira with reduced representation in the Supervisory Board
Goppingen, 7 December 2023: Today, the Management Board of TeamViewer SE, with the approval of the Supervisory Board, resolved on a new share buyback program with a volume of up to EUR 150 million (without ancillary costs).
It follows the EUR 150 million share buyback program that was completed successfully on 30 November 2023.
The remainder of the program is subject to renewal of the buyback authorization by the Annual General Meeting in June 2024.

Informatica Reports Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 1, 2023

Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced financial results for its third quarter 2023, ended September 30, 2023.

Key Points:

Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced financial results for its third quarter 2023, ended September 30, 2023.
An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”
Third Quarter 2023 Business Highlights:
Processed 71.3 trillion cloud transactions per month for the quarter ended September 30, 2023, compared to 44.5 trillion cloud transactions per month in the same quarter last year, an increase of 60% year-over-year.
On December 5, 2023, the Company will host its 2023 Investor Day in San Francisco at 1:00 p.m. PT.
Based on information available as of November 1, 2023, guidance for the fourth quarter 2023 is as follows:
Fourth Quarter 2023 Ending December 31, 2023:
GAAP Total Revenues are expected to be in the range of $420 million to $440 million, representing approximately 8% year-over-year growth at the midpoint of the range.