Lawyers from Carey Olsen's corporate team have advised global private equity firm Permira on the launch and final closing of its latest buy-out fund, Permira VII.
Reaching its hard cap with total commitments of €11bn, the Guernsey-domiciled closed-ended fund will follow Permira's strategy of investing in market-leading businesses that benefit from strong and resilient underlying growth drivers within the technology, consumer, financial services, healthcare and industrial technology industries.
Working alongside lead counsel Fried Frank, the Carey Olsen team advising Permira on all Guernsey aspects of the fund's establishment and fundraising was led by Partner Tom Carey and assisted by Senior Associates Matt Brehaut and Vaishali Gupta.
Permira VII was strongly supported by existing investors. In addition, a substantial number of new relationships across multiple geographies made commitments to the fund.