{"id":313705,"date":"2026-01-31T18:17:22","date_gmt":"2026-01-31T18:17:22","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/313705\/"},"modified":"2026-01-31T18:17:22","modified_gmt":"2026-01-31T18:17:22","slug":"irish-funds-services-firm-carne-valued-at-e1-4bn-by-private-equity-trade-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/313705\/","title":{"rendered":"Irish funds services firm Carne valued at \u20ac1.4bn by private equity trade \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">Carne Group, an Irish provider of technology solutions to the global <a href=\"https:\/\/www.irishtimes.com\/tags\/ifsc\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/ifsc\/\">funds industry<\/a>, has been valued at \u20ac1.4 billion in a deal that saw it secure fresh private equity investment. <\/p>\n<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/permira\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/permira\/\">Permira <\/a>has acquired a minority stake in Carne in a transaction that has allowed fellow London-based investment group, Vitruvian Partners and several other minority shareholders to sell their interests, the company said in a statement on Friday. <\/p>\n<p class=\"c-paragraph paywall \">Carne\u2019s founder and chief executive, John Donohoe, and wider management team and employees will retain a majority shareholding in the group. Mr Donohoe, a funds industry veteran, will continue to lead the business, ensuring continuity and stability, the statement said. <\/p>\n<p class=\"c-paragraph paywall \">The enterprise value of a business includes both equity and debt. The business was valued at \u20ac400 million under the Vitruvian stake purchase deal in 2021. <\/p>\n<p class=\"c-paragraph paywall \">The Permira transaction is subject to customary regulatory approvals and is expected to close in the third quarter of this year. <\/p>\n<p class=\"c-paragraph paywall \">Founded in 2004 by Mr Donohoe, Carne has more than 650 employees in eight locations globally involved in managing the governance, compliance and regulatory requirements of more than 700 of the world\u2019s leading asset managers and institutional investors, with a total of $1 trillion (\u20ac840 billion) of assets under management. <\/p>\n<p class=\"c-paragraph paywall \">It has 460 staff in Ireland, mainly based in Dublin. <\/p>\n<p class=\"c-paragraph paywall \">\u201cPartnering with Permira is an important step in Carne\u2019s long\u2011term journey. Their global perspective and experience working with international, technology\u2011enabled businesses align well with our ambitions as the industry continues to evolve,\u201d said Mr Donohoe. <\/p>\n<p class=\"c-paragraph paywall \">\u201cThis 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.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Carne said Permira\u2019s backing will help it accelerate the development of technology platform and employ artificial intelligence. It will also allow the group to capitalise \u201con the significant growth opportunity across the sector as larger outsourcing mandates continue to gain momentum\u201d, it said. <\/p>\n","protected":false},"excerpt":{"rendered":"Carne Group, an Irish provider of technology solutions to the global funds industry, has been valued at \u20ac1.4&hellip;\n","protected":false},"author":2,"featured_media":313706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[79,18,19,9898,2003,17,152810],"class_list":["post-313705","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-eire","tag-ie","tag-ifsc","tag-investment","tag-ireland","tag-permira"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115991087783015242","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/313705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=313705"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/313705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/313706"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=313705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=313705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=313705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}