Thoughts on Permira?

jo1421's picture
Rank: Senior Chimp | banana points 25

There doesn't seem to be much info on Permira here. Any thoughts on culture, deal flow, senior members, reputation, comp for the American office (either NY or Menlo)? I know they have a strong presence in Europe and have done some interesting deals there, but am curious about what people have heard of their American teams.

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Comments (15)

Dec 8, 2018

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Dec 13, 2018

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Dec 28, 2018

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Dec 28, 2018

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Jan 1, 2019

Is this for North America or Europe? In Europe it is considered a strong place, similar to BC Partners or PAI Partners.
Base + Bonus pre-carry a bit below average from what I have heard. Decent work life balance.

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Jan 7, 2019

Does anyone have additional details on compensation numbers or average hours for their NYC office? How does lifestyle in NY compare to other upper middle market funds (or megafunds, if you classify it as that)?

Jan 9, 2019

Menlo office is pretty strong with great dealflow but heard that hours there are tougher than in other offices, whatever that means. NYC office with decent W/L, probably better than average at the large cap funds, same applies for the LDN office.

Comp (base+bonus) lower than peers, but carry as well as co-invest from year 1 post banking so I guess that compensates the lower cash pay if you stick around.

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Dec 28, 2018

Would you consider Permira an UMM firm or MF?

Jan 9, 2019

Does it matter? They do larger deals (bn+) but also buy smaller stuff of a couple of hundred millions frequently (so do other large funds btw)

Will be interesting to see how much they raise for their new fund though, considering core comps like EQT raised EUR10bn+

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Jan 11, 2019

Have a couple buddies there at pre-MBA level. Lifestyle is sweatshop/banking 2.0. Working very late every night, every weekend, no vacations, etc. Comp is spectacular. Perks are also spectacular. Think traveling to Europe/Asia multiple times a year, constant cross country travel, etc. Generally, my two friends are happy there and doing high profile, sexy deals.

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Jan 12, 2019

Is this Menlo or NY?

Jan 11, 2019

NY

Jan 16, 2019

In my experience, constant cross-country travel is a burden, not a perk (even when flying first class or private).

But to each their own!

Dec 28, 2018

How does Permira compare to other MF/UMM firms?

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Jan 1, 2019
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