Permira to open Dubai office

Private equity firm Permira revealed on Monday plans to open an office in Dubai this year as part of its strategy to expand its Middle East presence. The move follows the growing interest in alternative assets among regional investors, with Permira aiming to strengthen ties with local wealth funds and foster new partnerships.

The office, located in the Dubai International Financial Centre (DIFC), will be subject to approval from the Dubai Financial Services Authority (DFSA).

Permira, with €80 billion in committed capital, has a portfolio including Klarna, Flix, and Golden Goose. Chris Buchanan has been appointed as partner and global head of capital formation, with Nader Salman overseeing the Middle East division.

Attribution: Reuters

Subediting: Y.Yasser