Permira

• Permira and CPP Investments Complete Acquisition of JTC

  September 4, 2026

  Buyer

  Permira, Canada Pension Plan Investment Board (CPP Investments)

  Target

  JTC

  Industry

  Financial Services

  Location

  United Kingdom

  Type

  Buyout

  Permira and Canada Pension Plan Investment Board (CPP Investments) have completed their £2.7 billion acquisition of JTC. The partnership is intended to accelerate JTC’s “Genesis era” growth plan, including AI-enabled client services and expansion across North America and Europe through organic initiatives and strategic acquisitions.

• Permira to Acquire Minority Stake in Carne Group Valued at €1.4 Billion

  January 30, 2026

  Buyer

  Permira

  Target

  Carne Group

  Seller

  Vitruvian Partners, several other minority shareholders

  Industry

  Financial Services

  Location

  Ireland

  Type

  Growth capital

  Permira-backed funds have agreed to acquire a significant minority stake in Carne Group, a European third-party management and fund regulation/governance solutions provider, at an enterprise valuation of €1.4 billion. Carne’s founder, management team and employees will retain majority ownership, and the investment is intended to accelerate growth of its technology platform, Curator.

• Permira and Warburg Pincus Take Clearwater Analytics Private in $8.4 Billion Deal

  December 21, 2025

  Buyer

  Permira, Warburg Pincus, Temasek, Francisco Partners

  Target

  Clearwater Analytics

  Industry

  Software

  Location

  Idaho, United States

  Type

  Buyout

  Clearwater Analytics entered into a definitive agreement to be acquired in an approximately $8.4 billion all-cash take-private transaction led by an investor group featuring Permira and Warburg Pincus, with participation from Temasek and support from Francisco Partners. Clearwater stockholders received $24.55 per share in cash, and the company’s Class A shares were delisted from the New York Stock Exchange after completion.

• RightShip Adds Permira as Minority Investor

  September 4, 2025

  Buyer

  Permira

  Target

  RightShip

  Seller

  BHP

  Industry

  Data & Analytics

  Location

  Singapore

  Type

  Growth capital

  RightShip, a maritime digital platform focused on safety, sustainability, and supply-chain due diligence, has agreed to bring in Permira as a minority shareholder. Funds advised by Permira will acquire a strategic minority stake, while BHP, Cargill, and Rio Tinto continue to retain equal founding shareholder stakes.

• Permira Makes Minority Growth Investment in Versaterm

  August 5, 2025

  Buyer

  Permira

  Target

  Versaterm

  Seller

  Banneker Partners

  Industry

  Software

  Location

  Ontario, Canada

  Type

  Growth capital

  Funds advised by Permira have made a strategic minority growth investment in Versaterm, a Banneker Partners portfolio company that provides public safety software. The investment will fund product and technology development, accelerate market expansion, and support Versaterm's AI-driven roadmap and M&A strategy.

• Nordic Capital and Permira to Acquire Bavarian Nordic for About $3 Billion

  July 31, 2025

  Buyer

  Nordic Capital, Permira

  Target

  Bavarian Nordic A/S

  Industry

  Biotechnology

  Location

  Denmark

  Type

  Buyout

  Bavarian Nordic A/S has accepted a takeover offer valued at DKK 19 billion (about $2.99 billion) from a consortium of Nordic Capital and Permira. Shareholders will receive an all-cash offer of 233 Danish kroner per share, and the deal is expected to close in the fourth quarter of 2025 subject to regulatory approvals and acceptance conditions.

• Mercalis and PharmaCord Finalize Merger, Rebrand as Valeris

  May 27, 2025

  Buyer

  Mercalis, PharmaCord, Permira, Odyssey Investment Partners

  Target

  Mercalis, PharmaCord

  Industry

  Healthcare Services

  Location

  North Carolina, United States

  Type

  Buyout

  Mercalis and PharmaCord completed their merger and rebranded the combined company as Valeris. The new firm positions itself as a fully integrated life sciences commercialization partner providing data-driven market access insights, patient support services, and healthcare provider engagement tools.

• Permira Completes Acquisition of Squarespace

  October 17, 2024

  Buyer

  Permira

  Target

  Squarespace, Inc.

  Industry

  Software

  Location

  New York, United States

  Type

  Buyout

  Permira completed its all-cash acquisition of Squarespace, taking the website-building platform private. The transaction followed Permira increasing its offer to $46.50 per share (about $7.2 billion transaction value), with Squarespace founder Anthony Casalena rolling over a substantial majority of his equity.

• CD&R and Permira Consortium Acquires Majority Stake in Exclusive Networks

  July 24, 2024

  Buyer

  CD&R, Everest UK HoldCo Limited, Permira, Olivier Breittmayer

  Target

  Exclusive Networks

  Seller

  Everest UK HoldCo Limited, Olivier Breittmayer

  Industry

  Cybersecurity

  Location

  France

  Type

  Buyout

  A consortium led by Clayton, Dubilier & Rice (CD&R), the Permira funds (via Everest UK HoldCo Limited) and Exclusive Networks founder Olivier Breittmayer agreed to acquire 66.7% of Exclusive Networks, followed by a simplified mandatory tender offer to purchase the remaining shares. The deal valued Exclusive Networks at about €2.2 billion (fully diluted) and included an exceptional distribution that produced a total per-share consideration of €24.25 ( €18.96 ex-distribution); the transaction completed and Exclusive Networks was delisted in March 2025.

• Permira Makes Substantial Growth Investment in PharmaCord

  June 6, 2024

  Buyer

  Permira (via a company backed by Permira funds)

  Target

  PharmaCord LLC

  Industry

  Healthcare Services

  Location

  Indiana, United States

  Type

  Growth capital

  Permira (via a company backed by Permira funds) has signed a definitive agreement to make a substantial growth investment in PharmaCord, a Jeffersonville, Indiana-based tech-enabled patient services provider for specialty pharmaceuticals. Founder and CEO Nitin Sahney and the management team will remain significant investors and operators; terms were not disclosed and the deal is expected to close by Q4 2024.

• Permira Growth Opportunities Acquires Majority Stake in BioCatch at $1.3bn Valuation

  May 2, 2024

  Buyer

  Permira Growth Opportunities II (advised by Permira), Sapphire Ventures, Macquarie Capital

  Target

  BioCatch

  Seller

  Bain Capital Tech Opportunities, Maverick Ventures

  Industry

  Cybersecurity

  Location

  New York, United States

  Type

  Buyout

  Permira Growth Opportunities II, advised by Permira, agreed to acquire a majority stake in behavioral-biometric fraud-detection firm BioCatch in a secondary transaction valuing the company at $1.3 billion. Existing investors Sapphire Ventures and Macquarie Capital are increasing their investments, while shares were bought primarily from Bain Capital Tech Opportunities and Maverick Ventures to support BioCatch's global expansion, product roadmap and continued growth.

• Permira and Hg take co-controlling stakes in GGW Group

  December 8, 2023

  Buyer

  Permira, Hg

  Target

  GGW Group

  Seller

  Hg

  Industry

  Insurance

  Location

  Hamburg, Germany

  Type

  Recapitalization

  Permira announced in December 2023 that a Permira-backed vehicle agreed to acquire GGW Group, the Hamburg-based insurance brokerage and MGA platform. In April 2024 Hg completed a new investment from its Hg Saturn fund and will own a co-controlling stake alongside Permira; GGW operates more than 60 brokerages and MGAs and employs over 1,700 people as it scales across Germany and Europe.

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