03 March 2017

Carey Olsen advises Permira on one of the largest buyout funds of 2016

Carey Olsen has advised Permira on the launch of its Guernsey-domiciled global private equity fund, Permira VI.

The fund raised €7.5 billion, surpassing the firm’s Permira Europe V fund which closed on €5.3 billion in 2014 and the Sixth Cinven Fund, making it the largest buyout fund raising in Europe in 2016.

Permira is an international private equity firm which has 12 offices across Europe, the USA and Asia. The buyout firm specialises in the technology / fintech, consumer, industrial, financial services and health-care sectors, which the sixth fund will continue to focus on.

The Carey Olsen team was led by Guernsey partner Tom Carey, and assisted by senior associate Oliver Quarmby and associates Colin Calvert and Nick Jehan.

The fund has so far acquired several companies including Schustermann & Borenstein GmbH, the leading exclusive omnichannel retail fashion community for private members in the DACH region, and Tricor Holdings Limited, the leading provider of integrated business, corporate and investor services in Asia Pacific.

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