Permira hires former Deputy PM

Permira has recruited Gerrit Zalm, former Deputy Prime Minister and Minister of Finance of the Netherlands, as an adviser. His role will be broad-ranging – covering advice on business issues, the economy and the socio-political environment.

This is not a surprising move for Permira at time when regulation and transparency are becoming increasingly important themes in the private equity space. It follows similar moves by other houses including Carlyle (see below).

Zalm will help Permira find investment opportunities for Permira’s funds and support the growth of existing portfolio companies. He will also play an important role advising the firm on the macroeconomy, financial markets, general business environment and emerging prospects.

Permira managing partner Damon Buffini said: “Gerrit Zalm is uniquely positioned to be of great value to Permira as the firm continues to grow and mature. Someone of his experience is a huge asset, not just in deepening our relationships and understanding in the Netherlands and beyond, but also in helping us to think about how we engage with a wider range of people.”

Zalm (55) is the longest-serving Dutch Minister of Finance. He was minister in five Dutch cabinets from 1994 until February 21 2007 and is known, among other things, for the implementation of a new budgeting system (the Zalm-norm).

Sandrine Bradley