Global law firm Freshfields is advising Permira on its significant minority investment in the Carne Group (“Carne”). Carne is Europe’s largest independent third-party management company and a leading provider of fund regulation and governance solutions. The deal is subject to customary regulatory approvals and implies a valuation for Carne of approximately €1.4 billion. Founded in 2004, Carne supports asset managers through every element of the fund lifecycle. Carne partners with more than 700 clients, supporting funds distributed in over 160 countries.

The cross-practice Freshfields team is being led by partners Charles Hayes and Patrick Ko and senior associates Chris Yarrow and Zoe Walker. Tax advice was provided by Emily Szasz.