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M&A Deal Summary

Permira Acquires GFI Software

On January 1, 1997, private equity firm Permira acquired software company GFI Software

Acquisition Highlights
  • This is Permira’s 1st transaction in the Software sector.
  • This is Permira’s 1st transaction in Malta.

M&A Deal Summary
Date 1997-01-01
Target GFI Software
Sector Software
Buyer(s) Permira
Deal Type Buyout (LBO, MBO, MBI)

Target

GFI Software

San Gwann, Malta
GFI is one of leading IT software and services groups, offering a range of services in the specification, development and implementation of information systems for a wide variety of customers.The Permira Funds originally invested in GFI in March 1997 to back its strong management team and to finance its growth. During the following 18 months, GFI followed an aggressive growth strategy and maintained a 100% growth record, achieved both organically and through a series of five acquisitions.In May 1998 GFI floated on the French Second Marche. At issue, the business was capitalised at Euro 412 million.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.

DEAL STATS #
Overall 14 of 170
Sector: Software M&A 1 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 55
Country: Malta M&A 1 of 1
Year: 1997 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Ushers of Trowbridge

Brixham, United Kingdom

Ushers of Trowbridge Ltd is a operator of Drinking Places in Liskeard.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 MHS International Services

Germany

MSH is an independent systems integrator and service provider with operations throughout Western Europe. The company designs client specific solutions offering customers a whole range of services including hardware procurement, installation training and integration services.

Buy -
Mergr

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