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Global investment firm Permira is seeking to acquire discounted software loans, as the sector is concerned that artificial intelligence will erode the software industry.
“The market has overreacted,” Premira’s credit head of strategic opportunities, Ian Jackson, told Bloomberg.
The firm is understood to be focusing on broadly syndicated loans in the European secondary markets.
Permira is also considering expanding into the U.S. and is looking for software companies that have robust offerings and high market visibility, sources told the publication.
Permira is a global investment firm with approximately $98 billion in assets under management. The firm is headquartered in London, but operates …
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