- Permira Funds, CPP Investments and co-investors to sell a combined 100% stake in Informatica to Salesforce for $25/share
- Transaction represents equity value of approximately $8 billion (net of Salesforce’s current investment in Informatica), one of the largest all-cash strategic exits of a sponsor-backed software business in history
- Transaction values remaining Permira & CPP Investments stakes, including co-investors, at $4.7 billion
Menlo Park, New York – May 30, 2025 – Permira, the global investment firm, is pleased to announce that funds advised by Permira, alongside co-investors, have agreed to support Informatica Inc.’s (NYSE: INFA) entry into a definitive agreement under which Salesforce (NYSE: CRM) will acquire Informatica in an all-cash transaction for $25 per share of Informatica’s Class A and Class B-1 common stock, representing an equity value of approximately $8 billion, net of Salesforce’s current investment in Informatica.
Through the transaction, which represents one of the largest all-cash strategic exits of a sponsor-backed software business in history, the Permira Funds will realise their remaining investment in Informatica.
The Permira Funds invested in Informatica in 2015, recognizing its position as a leading provider of enterprise data integration software, with approximately $1 billion in revenue. Informatica was well-positioned for accelerated growth given its strong product offering, with a clear opportunity to transition its product to the cloud and its revenue model to subscription, and now consumption.
Since then, with the support of the Permira Funds and other shareholders, Informatica has undergone a period of significant growth and successful value creation, marked by key achievements including:
- Launched a suite of innovative AI offerings including CLAIRE® GPT, CLAIRE® Copilot and GenAI blueprints for major cloud ecosystem partners;
- Scaled the cloud business from handling 0.2 trillion transactions per month in 2015 to over 119 trillion per month today, while growing cloud bookings ~9x over the same period;
- Grew the subscription business ~12x since 2015 to reach ~$1.3bn in subscription ARR, of which $848m is cloud-based, growing at 30% year-on-year with 120%+ net retention;
- Transformed the business model from majority license/maintenance to cloud subscription, meaningfully improving the revenue quality, with 95%+ recurring today versus ~50% at entry;
- Introduced an innovative consumption-based pricing model, sold as a subscription, that represents >50% of bookings today and allows customers to easily adopt additional products;
- Invested $2bn of cumulative R&D to create an AI-powered cloud data management service that has consistently been recognized as a leader in 4 Gartner Magic Quadrants;
- Expanded EBITDA margins meaningfully from 26% at entry to 34% in FY24, despite a full business transformation and increasing headcount by >40% during ownership period to >5,200 FTEs today.
Ryan Lanpher, Partner and Co-Head of Technology at Permira, said: “Informatica sits at the core of Permira’s technology strategy to back best-in-class, product-first software leaders. This exceptional outcome with Salesforce is testament to the strength of Informatica's cloud transformation and AI innovation. We look forward to continuing to execute on this strategy in the years ahead.”
Brian Ruder, Co-CEO of Permira, added: “This is a very significant transaction for Permira, which provides another opportunity to return significant capital to our investors, in line with our track record of delivering consistent liquidity over the long term. Our aim is to build companies that are not only bigger, but also better, and Informatica is a perfect example of that. We’re glad to leave the company with a best-in-class strategic owner in Salesforce.”
Bruce Chizen, Informatica Chairman and Permira Senior Adviser, commented: “Permira’s partnership with Informatica demonstrates the benefits of a long-term investing mindset and focus on transformational growth at scale. This strategic transaction is the result of that philosophy and I’m grateful for their support in getting us here.”
The transaction is subject to receipt of required regulatory approvals and other customary closing conditions and is expected to close early in Salesforce’s fiscal year 2027.
