Permira to acquire a minority stake in Carne group
02 February 2026 UK
Image: Lemonsoup14/stock.adobe.com
Carne Group, an independent third-party management company and a provider of fund regulation and governance solutions, has announced that funds advised by Permira, the global investment firm, have agreed to acquire a significant minority stake in Carne Group based on an enterprise valuation of €1.4 billion.
As part of the transaction, Vitruvian Partners will exit its minority shareholding acquired in 2021, alongside several other minority shareholders selling their stakes.
Carne’s founder, management team and employees will retain a majority shareholding in the group, while Founder and CEO John Donohoe will continue to lead the business, aiming to ensure continuity and stability.
The firm says that this investment marks a significant milestone for Carne as the business enters its next phase of growth, with Permira bringing the deep resource and expertise of a highly regarded global firm with strong market access and experience in the financial services ecosystem.
Permira’s backing will enable Carne to accelerate the development of its technology platform, Curator, through increased investment in product innovation, commercial capabilities and technology advancements — particularly in AI and automation.
According to the firm, the investment will allow Carne to strengthen the support it provides to clients globally, while also positioning the group to capitalise on the significant growth opportunity across the sector.
John Donohoe, founder and CEO at Carne Group, says: “Partnering with Permira is an important step in Carne’s long?term journey. Their global perspective and experience working with international technology?enabled businesses align well with our ambitions as the industry continues to evolve.
“This partnership supports our ability to scale thoughtfully, broaden our reach, and continue delivering for clients, while remaining independent and staying true to our mission of taking care of the people who take care of money. We thank Vitruvian for their partnership over the last five years.”
Chris Pell, managing director at Permira, adds: “Carne Group has built a leading position in an attractive and growing segment of the financial services ecosystem, supported by durable client relationships and a well-earned reputation for service quality.
“As thematic investors with deep expertise in financial and business services, as well as technology-enabled platforms, we are excited to partner with John and the talented management team to support Carne's ambitious next chapter of growth.”
As part of the transaction, Vitruvian Partners will exit its minority shareholding acquired in 2021, alongside several other minority shareholders selling their stakes.
Carne’s founder, management team and employees will retain a majority shareholding in the group, while Founder and CEO John Donohoe will continue to lead the business, aiming to ensure continuity and stability.
The firm says that this investment marks a significant milestone for Carne as the business enters its next phase of growth, with Permira bringing the deep resource and expertise of a highly regarded global firm with strong market access and experience in the financial services ecosystem.
Permira’s backing will enable Carne to accelerate the development of its technology platform, Curator, through increased investment in product innovation, commercial capabilities and technology advancements — particularly in AI and automation.
According to the firm, the investment will allow Carne to strengthen the support it provides to clients globally, while also positioning the group to capitalise on the significant growth opportunity across the sector.
John Donohoe, founder and CEO at Carne Group, says: “Partnering with Permira is an important step in Carne’s long?term journey. Their global perspective and experience working with international technology?enabled businesses align well with our ambitions as the industry continues to evolve.
“This partnership supports our ability to scale thoughtfully, broaden our reach, and continue delivering for clients, while remaining independent and staying true to our mission of taking care of the people who take care of money. We thank Vitruvian for their partnership over the last five years.”
Chris Pell, managing director at Permira, adds: “Carne Group has built a leading position in an attractive and growing segment of the financial services ecosystem, supported by durable client relationships and a well-earned reputation for service quality.
“As thematic investors with deep expertise in financial and business services, as well as technology-enabled platforms, we are excited to partner with John and the talented management team to support Carne's ambitious next chapter of growth.”
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