Permira reputation
Any thoughts on Permira? Noticed firm is raising an $11 billion fund.
Reputation, culture, hours, comp for US offices?
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Extremely hard working. But I get the sense it's full of guys who do it to themselves, rather than a classic sweatshop, which, in my book, is an important distinction.
These guys are sharp. When I say sharp I mean sharp. Full stop, impressive. Take their software deals for example. Go look at what they did with Magento. It's around their website somewhere. A modest... 8x in a few years. It was both good investing and a good playbook.
They are uniquely on top of things. Their deal processes chug along at impressive consistency at the merit of their VPs knowing how to run a process.
They staff cross-border (global) deal teams, so you may have a Partner in [European City] and an Associate in [inconvenient time zone American city].
I have heard from a friend that the interview is tough and could probably connect you with them over a PM if that's what you're wondering about...
Hey! Some really interesting points above, thanks for them. Do you remember what sort of things your friend said about the interview process in particular? Thanks!
Very helpful!
How does Permira stack up relative to other MFs?
I've heard great things about them and met some people that used to work there. All very talented and weirdly (in a good way) granular/tactical knowledge in specific industries that even hardcore operators don't seem to have.
You hit the nail on the head with the granular knowledge.
To the other comment about stacking up against other MFs: they just raised a $10Bn fund. Let that speak for itself. They’re also better compared to European funds because they are a European fund.
Does anyone know which recruiter they use?
None in the US
Anyone have a view on the culture in the London office?
Culture there is all right. I have three friends there who are broadly happy with the environment and execution experience. On the cons side, you have cash comp (compensated with carry from the beginning) and progression visibility (long and unpredictable “Investment Professional” program).
According to at least one poindexter on glassdoor they're cool with blackface at parties. Def a top target if you wanna be the next Canadian PM amiright guys? :DDDDDDD
All seriousness though top notch firm. Know a few guys who have coinvested with them multiple times, nothing but the highest praise.
Teamviewer deal was great and the partners deal to become C level at the company and trade fund carry for shares in the business + structure his salary with aggressive kicker was really interesting. I think the 2019 and 2020 comp is disclosed.
I have an upcoming interview with Permira- any tips?! What's their case study like? LBO model? (Is it a full 3-statement?)
Any brain teasers?
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