- Permira Growth Opportunities II to realise its 40% shareholding in AltamarCAM through a strategic sale to Mercer
- Since PGO II’s investment in 2024, AltamarCAM has delivered sustained AUM growth, continued to expand its capabilities, and strengthened its position as a leading European private markets solutions provider
MADRID/LONDON – 19 March 2026 – Permira, the global investment firm, today announced that Permira Growth Opportunities II (“PGO II”) has agreed the full exit of its investment in AltamarCAM (the “Company”), following the signing of an agreement for its sale to Mercer, a business of Marsh. Terms of the transaction were not disclosed.
PGO II first acquired a 40% shareholding in AltamarCAM in 2024, partnering with the Company during a period of organisational strengthening and sector expansion. Since then, AltamarCAM has delivered consistent AUM growth, grown its secondaries and SMA offerings at scale, reinforced its presence across key European markets, and continued to deepen its operational platform and governance foundations to support long‑term, scalable growth.
Pedro López, Partner and Head of Spain at Permira, and Philip Muelder, Partner and Co-Head of Services said: “Our investment in AltamarCAM was rooted in a shared ambition to support the firm’s growth and organisational evolution. As thematic investors with deep expertise in financial and business services, it has been a pleasure partnering with Claudio, José Luis and the broader management team as they have continued to strengthen AltamarCAM’s platform and broaden its offering.”
Stefan Dziarski, Partner and Head of Permira Growth Opportunities, said: “This successful exit is a strong validation of our Growth Equity strategy and our ability to accelerate growth in midsized companies through strategic partnerships focused on governance, alignment and active partnership. We are grateful for this partnership and look forward to forging new ones with more exceptional founders and management teams in the future.”
José Luis Molina, Global CEO and Co-Founder at AltamarCAM, added: “We are grateful for the support and partnership of Permira over the years. This transaction marks an exciting next phase in our journey. At AltamarCAM, we continually analyse how we can optimise and enhance the services we provide to our clients, and the complementary capabilities brought together through this transaction will directly benefit both our clients and our colleagues."
The transaction is subject to customary conditions and is expected to close in the second half of 2026.
