M&A Deal Summary

Permira Acquires Mimecast

On May 17, 2022, private equity firm Permira acquired information technology company Mimecast for 5.8B USD

Acquisition Highlights
  • This is Permira’s 10th transaction in the Information Technology sector.
  • This is Permira’s 8th largest (disclosed) transaction.
  • This is Permira’s 32nd transaction in the United Kingdom.

M&A Deal Summary

Date 2022-05-17
Target Mimecast
Sector Information Technology
Buyer(s) Permira
Deal Type Going Private
Deal Value 5.8B USD
Advisor(s) Citi
BofA Securities (Financial)
Goodwin Procter (Legal)

Target

Mimecast

London, United Kingdom
Mimecast is an email and data security company. Mimecast makes business email and data safer for 21,800 customers by continuously investing to thoughtfully integrate brand protection, security awareness training, web security, compliance, and other essential capabilities. Mimecast was founded in 2003 and is based in London, United Kingdom.

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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 153 of 171
Sector: Information Technology M&A 10 of 12
Type: Going Private M&A Deals 12 of 18
Country: United Kingdom M&A 32 of 34
Year: 2022 M&A 3 of 6
Size (of disclosed) 8 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Althea

Rome, Italy

Althea is a Pan-European independent provider of integrated healthcare technology management. Althea operates as an outsourced technological partner for the provision of managed services and multivendor maintenance of the entire medical equipment portfolio in public and private healthcare organisations. Across multiple technologies - from biomedical equipment to advanced diagnostic imaging & radiology. Althea was founded in 2014 and is based in Rome, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 John Masters Organics

New York, New York, United States

John Masters Organics is a well-known celebrity hair care brand in SOHO New York. The brand is committed to urban wellness, providing luxury, organic beauty that treats both its customers and the earth with respect. John Masters Organics currently distributes its premium, organic personal care products in more than 40 countries. John Masters Organics was founded in 1991 and is based in New York.

Sell -