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Permira Completes Acquisition Of Mimecast

May 19, 2022•over 3 years ago

Acquiring Company

Permira

Acquired Company

Mimecast

LondonLondonVenture CapitalSecurity

Description

Mimecast Limited (“Mimecast”) today announced the completion of its acquisition by funds advised by Permira for approximately $5.8 billion or $80.00 per share in cash.

Company Information

Company

Permira

Location

London, England, United Kingdom

About

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with assets under management of approximately US$65bn (€58bn) and makes long-term majority and minority investments. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Services and Healthcare. The Permira funds have an extensive track record in tech investing, having invested US$17.1bn in 60 companies across enterprise cloud adoption, SaaS, fintech and online marketplaces. Permira employs over 360 people in 16 offices across Europe, North America, and Asia.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed