TELEMOS CAPITAL takes majority stake in Permian

Alongside Permian's senior management team and current majority shareholder Levantor AS, Telemos Capital signs a binding agreement to acquire a majority stake in the Nordic fund administrator. Announced in July 2024, this definitive transaction orchestrates a strategic ownership transition designed to aggressively accelerate the target's pan-European commercial trajectory. The deal architecture features a substantial financial reinvestment from the incumbent executive leadership and Levantor—a family-owned advisory firm directed by Jørgen Kjærnes and Kine Burøy-Olsen—ensuring strict operational alignment and governance continuity under the newly formed board. This structural recapitalization marks the incoming private equity sponsor’s inaugural direct investment within the Nordic region, directly aligning with its priority mandate to expand within the specialized business services subsector. The core strategic rationale underpinning this institutional capital injection focuses intensely on funding aggressive international expansion, significantly upgrading internal information technology infrastructure, and broadening the comprehensive suite of fund administration solutions offered to clients. By securing this new institutional majority shareholder, the target transitions from a regional specialist into a highly scalable, next-generation pan-European platform capable of navigating complex outsourcing trends. The execution of this cross-border buyout mobilized an extensive network of professional advisory firms to validate the investment thesis. On the sell-side, the target and its historical shareholders mandated ABG Sundal Collier as financial advisor, supported by Wiersholm for legal counsel, McKinsey for strategic commercial insights, and PwC for financial audits. Conversely, on the buy-side, the acquiring fund retained CLP and Linklaters for multijurisdictional legal structuring, while Deloitte and E&Y executed the rigorous financial and tax due diligence protocols. The final completion of the transaction is officially scheduled for later in 2024.