Permira Completes €16.7 Billion Fundraising on Flagship Fund (1)

Permira has completed a €16.7 billion ($17.7 billion) fundraising for its latest flagship fund, giving the UK private equity firm fresh ammunition for deals.

London-based Permira hit the final close for its eighth buyout fund, according to a statement Wednesday, which confirmed an earlier Bloomberg News report. The pool is more than 50% bigger than its predecessor fund, and Permira beat its initial €15 billion target.

Permira, led by managing partner Kurt Bjorklund, had already gathered €16 billion for the fund by July last year, Bloomberg News reported at the time. It’s known for successful bets in consumer, technology, ...