Permira Buys Stake in Fund Platform Carne at €1.4 Billion Value

Private equity firm Permira agreed to buy a significant minority stake in asset management platform Carne Group in a deal that values the Dublin-based firm at €1.4 billion ($1.7 billion).

UK investment firm Vitruvian Partners will exit its minority holding, which it acquired 2021, alongside other investors, according to a statement Friday. Carne’s founder and Chief Executive Officer John Donohoe will retain a majority stake in the group, alongside management and employees.