28 May 2020

Coller Capital leads $829 Million GP-led secondary transaction for Permira IV

Coller Capital is leading a GP-led secondary transaction for the remaining assets of Permira IV. On the transaction’s closing, the fund’s four assets, together with a co-investment vehicle for the largest of them, will transfer into  a new investment vehicle with $829 million of aggregate commitments.
 
Permira IV’s remaining assets comprise four software and technology companies. The largest of them, Genesys, is a market leader in cloud-based customer experience and contact centre solutions. The new investment vehicle will provide fresh capital over a five-year period to support further value creation in the companies.
 
This transaction enables Permira to offer the Limited Partners in its fourth fund the option either to take liquidity at this juncture or to remain invested in the assets on the terms on which they originally invested.
 
This is exactly the kind of complex liquidity solution in which Coller Capital specialises, involving a portfolio of high-quality assets, anchored in fast-growing technology sectors, managed by a strong GP,” said Jeremy Coller, CIO of Coller Capital. “We have partnered successfully with Permira on multiple occasions over the years, and we very much look forward to supporting them in the development of this exciting portfolio.”
 

Back

Coller Capital Global Private Equity Barometer Winter 2020-21

Over half of private equity investors (LPs) will access the secondary market within the next two years, either as a buyer or a seller – or both, according to Coller Capital...

Read article
Coller Capital Private Markets Insights

Coller Capital Private Markets Podcast

...

Read article

Coller Capital wins Private Equity International award

Coller Capital has won Private Equity International’s European Secondaries Deal of the Year 2020 for the single-asset GP-led transaction for Action Nederland, which was...

Read article