Deal Details

Permira Acquires Majority Stake in Westbridge

Technology & Services

Permira acquisition of majority stake in Westbridge, a portfolio company of GENUI

Summary

Funds advised by Permira have signed a binding agreement to acquire a majority stake in Westbridge Advisory (“Westbridge” or the “Company”), a portfolio company of GENUI. Westbridge founders will reinvest alongside Permira, while GENUI will fully exit the business. Closing of the transaction is subject to regulatory clearances and is expected by the end of Q1 2025. Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Permira on this transaction.

About

Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €80bn. In the DACH region, Permira funds are invested in companies including BestSecret, Engel&Völkers, GGW Group, TeamViewer, Neuraxpharm and Flix. The Permira private equity funds make both long-term majority (Buyout) and minority (Growth Equity) investments in five key sectors: Technology, Consumer, Healthcare, Services and Climate. The Permira credit funds have been providing businesses with flexible financing solutions across both Private and Liquid Credit products for nearly 20 years. Permira employs over 500 people in 16 offices across Europe, the United States and Asia.

Westbridge is a leading energy and sustainability consultant in the European property sector, offering a comprehensive range of services. The service portfolio includes smart metering, energy purchasing and optimisation, and sustainable operations management for various building types. Together with its subsidiary agradblue, Westbridge provides holistic ESG data management, support for sustainability certification, integration of e-mobility, and measures for water conservation and waste disposal at both property and portfolio levels. The 200 sustainability specialists, based in offices in Frankfurt, Munich, Hamburg, Zurich, Warsaw and London, offer extensive support to ensure that properties are sustainable and profitable for the future.

GENUI is a private investment firm based in Hamburg/Germany that was established by a group of exceptional entrepreneurs and investment professionals, who believe in “Good Entrepreneurship”. GENUI only makes long-term investments in medium-sized companies with the aim to support sustainable growth and provide a value-add to society. The thematic focus is on Good Health, Digitalization and Environmental Transformation. Every company is supported within a professional governance framework by an entrepreneur with an outstanding life achievement (founders and owners of companies such as Hexal, BioNTech, Fressnapf, BarryCallebaut and others), who can provide access to relevant expertise and network.

Technology & Services

Permira acquisition of majority stake in Westbridge, a portfolio company of GENUI