Permira appoints Senior Advisor for technology investments
Permira, a global private equity firm, has appointed Mark Garrett as a Senior Advisor, focusing on growth technology investments.
Garrett brings nearly 40 years of experience in technology, accounting and financial management, with a successful track record in executive leadership and transforming high-growth technology companies. He served most recently as Adobe’s Executive Vice President and Chief Financial Officer, where he led the company’s worldwide finance, operations and corporate development activities. He helped guide Adobe through the fastest transition to a cloud-based subscription model among companies in the software industry.
Prior to Adobe, Garrett held senior leadership positions at Documentum and EMC Software Group. As Executive Vice President and CFO, he co-led Documentum’s USD1.7 billion sale to EMC.
Since retiring from Adobe, Garrett has remained active in the technology sector, holding a number of senior positions. He currently serves as Chair of the Audit Committee for the Board of Directors of Cisco, Pure Storage and Snowflake. Additionally, he is a member of the Audit Committee of GoDaddy and currently serves as Vice Chair at NightDragon Acquisition Corp.
Garrett will be joining the Permira team which has deployed more than EUR11 billion in the technology sector, across 52 companies with a total EV of EUR94 billion. Over the course of last year, the Permira has invested in leading SaaS and data businesses including G2, Seismic, Clearwater Analytics, and Relativity. Other funds’ portfolio companies in the sector include Genesys, Informatica, Klarna and Teamviewer.
Ryan Lanpher, Partner at Permira, says: “We are delighted to have Mark join the team. He brings a wealth of software knowledge and has an incredible track record of leading and supporting transformational growth. Given Permira’s focus on partnering with management teams to build scale global technology champions, Mark’s expertise will be invaluable to us and to our portfolio companies.”
Garrett adds: “I’m excited to be joining Permira at this dynamic time. In this period of rapid innovation, I believe Permira is incredibly well positioned to help management teams and entrepreneurs alike realize their ambitions. The team’s track record of accelerating growth is impressive and I am excited to help support Permira’s new investments and existing portfolio companies.”