CPPIB to Give ‘Firepower’ to Permira’s Mega Deals – Report

Canada Pension Plan Investment Board (CPPIB) is one of “four or five” key backers that will provide co-investment capital to European private equity firm Permira to do more mega buyouts, according to a report by the U.K.-based Financial News. Unidentified investors told the journal that Permira will obtain more “firepower” from co-investors like CPPIB and China Investment Corp. to acquire major businesses now that the firm is unlikely to raise a fund as large as its 2006 partnership. In April 2013, Permira held a €2.2 billion first close on its fifth fund.

For more information about Permira, please visit the firm’s website.

Photo courtesy of Shutterstock.