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    Home»Deals & Transactions»Permira considers sale of Funds Platform Alter Domus
    Deals & Transactions

    Permira considers sale of Funds Platform Alter Domus

    July 1, 2022Updated:July 1, 20221 Min Read
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    The owners of Alter Domus are considering a possible sale of the fund administration platform, according to people familiar with the matter.

    Private equity firm Permira and the company’s founders have held some inital discussions with potential suitors as they study a sale of part or all of the business, one of the people said. Alter Domus may be valued at several billion dollars in any deal, the people said, asking not to be identified discussing confidential information.

    Founded in 2003, Alter Domus employs roughly 3,600 staff. It handles administrative and compliance issues — including cash management and know-your-customer requirements — for private equity and other alternative investment firms and has more than $1.6 trillion under administration. The company generated revenue of 464 million euros ($482 million) last year. Permira invested in the business in 2017.

    Read more: BNN Bloomberg

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