Carne Group, Europe’s largest independent third-party ManCo and a provider of fund regulation and governance solutions, has agreed with funds advised by Permira, the investment firm, for the acquisition of a significant minority stake in Carne Group based on an enterprise valuation of EUR1.4bn (USD1.7bn).
As part of the transaction, Vitruvian Partners will exit its minority shareholding acquired in 2021, alongside several other minority shareholders selling their stakes. Carne’s founder, management team and employees will retain a majority shareholding in the group, while founder and CEO John Donohoe will continue to lead the business.