Permira revitalizes the European private equity with the Informatica deal

Posted on Apr 14, 2015

Co-investing with CPPIB for $5,3bn, the London-based general partner has so far realized the most important LBO of 2015.

Lying on $1bn revenues in 2014, the American software services company Informatica has found its new financial partners with a co-investment from Permira and Canada Pension Plan Investment Board within the frame of a new buy-out that values the target at $5,3bn. The offer, set at $48,75 per share, represents a premium of 6,5 % comparing to the stock’s closing price before the announcement of the deal. To date, it is merely the most important LBO of 2015. Indeed, during the first quarter, GPs have rather tried to sell their participations so as to enjoy the dynamic led by the stock markets.

Target advisors : financial : Qatalyst Group, JP Morgan ; legal : Wilson Sonsini Goodrich & Rosati ; Investors advisers : financial : RBC, Nomura, Morgan Stanley, Macquarie, Goldman Sachs, Credit Suisse, BofA ML ; legal : Fried Frank Harris Shriver & Jacobson

F. S.