Full-Time
Associate – Accounts Payable
EU
Permira
201-500 employees
Global private equity investor
No salary listed
Madrid, Spain
In Person
On-site role in Madrid; local residency in Spain preferred.
 Accounting (1) |
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- Previous experience in Accounts Payable and/or Accounts Receivable within an international organisation.
- Relevant accounting, finance or business background.
- Organised and self-motivated, with strong attention to detail and problem-solving skills.
- Comfortable working with standardised processes and systems across multiple entities and geographies.
- Good communication and customer-service skills, able to build effective working relationships with stakeholders at all levels.
- Able to work to deadlines in a fast-paced, changing environment, as the Transaction Centre is being built out.
- Competent user of Microsoft Excel; experience with AP/AR systems (e.g. Yooz, Infor Sun Systems) is an advantage but not essential.
- Support the end-to-end processing of accounts payable and accounts receivable transactions across entities as they onboard to the Transaction Centre.
- Assist with the transition and standardisation of AP/AR processes previously run locally, helping to design consistent workflows, controls and documentation.
- Process invoices, expenses and payments, and manage the resolution of queries with suppliers, customers and internal stakeholders.
- Reconcile supplier and customer accounts, investigate discrepancies, and ensure accuracy and timeliness of processing.
- Support the roll-out and adoption of AP/AR systems and tools, acting as a day-to-day user and point of contact for onboarding entities.
- Maintain accurate master data (supplier/customer records, bank details, coding) across systems.
- Support month-end close activities relevant to AP/AR, and assist with audit requests as needed.
- Contribute to process improvement and documentation as the Transaction Centre scales to cover additional entities and geographies.
Permira is a global private equity firm with European roots that raises funds to buy and grow companies worldwide. It acquires businesses, works closely with management to implement strategic and operational improvements, and exits investments through sales or public listings. The firm differentiates itself through long-term, hands-on value creation, sector expertise, and a European heritage with a global reach. Its goal is to deliver strong, risk-adjusted returns for investors by building durable, high-performing businesses.
Company Size
201-500
Company Stage
N/A
Total Funding
$8.6B
Headquarters
London, United Kingdom
Founded
1985
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Simplify's Take
What believers are saying
- JTC closed September 1, 2026, giving Permira immediate exposure to global trust-services growth.
- CDP’s commercial reset and Quadrante’s U.S. expansion create fresh energy-transition growth engines.
- Permira’s 2026 deal pace signals abundant deployable capital and strong sponsor credibility with sellers.
What critics are saying
- Cloudnine’s CCI review probes Permira’s pharmaceutical ties; approval delays can kill the acquisition.
- BioCatch’s sale to Visa removes a prized cybersecurity asset and future fee stream.
- Third Space bidding at £700 million risks overpaying into a crowded luxury-fitness auction.
What makes Permira unique
- Permira buys founder-led, category-leading platforms like JTC and Cloudnine Hospitals in 2026.
- It scales businesses through operational upgrades, AI-enabled delivery, and disciplined add-on acquisitions.
- Its Europe-rooted network spans services, healthcare, consumer, and energy transition across continents.
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Company News
Global private equity firm Permira is acquiring a 25.71% stake in Kids Clinic India, operator of Cloudnine Hospitals, from True North Capital. The deal values the maternity and paediatric chain at ₹11,000 crore. The transaction comes as Cloudnine integrates its recent acquisition of Apollo Cradle and Fertility for ₹1,550 crore, completed in May 2024, which expanded its network to over 55 centres. Existing investors Temasek and TPG NewQuest are expected to retain their stakes. The deal awaits approval from the Competition Commission of India, which is examining potential vertical relationships between Permira's pharmaceutical interests and the hospital chain's services. Permira will acquire the stake through its Luxembourg-based vehicle, NuageLux BidCo, after emerging as lead investor in a competitive process that included TPG Capital.
JTC enters new growth phase in partnership with Permira. We are delighted to have completed our investment in JTC and to be partnering with Nigel and the wider team at this exciting stage. We look forward to supporting the business as it delivers its latest growth era, accelerating its expansion across North America and Europe through continued investment in service quality, AI-enabled client delivery and strategic acquisitions. Robin Bell-Jones Partner at Permira Permira completes acquisition of JTC for £2.7 billion to support CEO Nigel Le Quesne and the JTC team to accelerate growth strategy focused on AI-enabled client delivery, US expansion and strategic M&A London, UK - 1st September 2026: JTC ("JTC") and Permira Advisers LLP ("Permira") are pleased to announce that the funds advised by Permira, alongside Canada Pension Plan Investment Board, have completed their acquisition of JTC for £2.7 billion. JTC is a highly reputed global Fund Administration, Corporate & Trust Services ("FACTS") platform that has a long-term track record of delivering consistent organic success and targeted complementary acquisitions. Under the stewardship of JTC's exceptional management team, the business has already established itself as one of the fastest-growing global FACTS platforms, combining sustained double-digit organic growth with a disciplined acquisition strategy that has successfully expanded both its capabilities and international footprint. JTC's Institutional Capital Services and Private Capital Services businesses position the company at the centre of long-term structural growth across private capital and global wealth management. Building on its long history in Europe, JTC has over the last few years established a unique leadership position in US trust services and is becoming critical infrastructure globally for family offices, wealth managers and financial institutions supporting the multi-decade intergenerational transfer of wealth. Alongside continued demand for specialist fund administration, these structural trends provide a significant long-term runway for growth. Permira has an extensive track record in the FACTS ecosystem, including through its investments in Alter Domus, Tricor and Kroll, and has invested approximately €16 billion of equity capital to date in the wider Services sector over four decades. With its significant deployable capital and expertise, Permira is positioned to be a long-term partner to JTC, supporting continued investment in next-generation technology, AI-enabled client delivery and intelligent automation that will enhance the client experience. Permira also intends to support JTC's continued expansion across North America and Europe, backing both organic growth and an ambitious acquisition strategy that builds on the company's proven track record of successful M&A. Nigel Le Quesne, Chief Executive Officer of JTC, said: "The completion marks an important milestone for JTC. With Permira as our partner, we are well positioned to deliver our Genesis era business plan, where our vision is to double the size of the Group once again. We will do this by combining the best people with the best technology to deliver service excellence to all our clients across a secure, efficient and scalable global platform. "We already have a proven track record of delivering sustained growth through a combination of entrepreneurial organic expansion and disciplined acquisitions. With Permira's backing, we're excited to accelerate that strategy further - investing in our people, next-generation technology and AI capabilities, while continuing to pursue strategic acquisitions, with a particular focus on North America and Europe. "The long-term opportunity in the US is particularly exciting. We see significant potential to continue building our leadership position in trust services and to expand our fund, corporate and employer solutions businesses as demand continues to grow. "Permira values our culture of shared ownership, which will remain firmly at the heart of what makes JTC a special and unique business. As we look ahead, our focus is on building an even stronger, more innovative JTC for the benefit of our clients, colleagues and all our stakeholders." Robin Bell-Jones, Partner, Services, said: "We are delighted to have completed our investment in JTC and to be partnering with Nigel and the wider team at this exciting stage. We look forward to supporting the business as it delivers its latest growth era, accelerating its expansion across North America and Europe through continued investment in service quality, AI-enabled client delivery and strategic acquisitions. "JTC is well positioned to benefit from powerful structural tailwinds, including the growth in global demand for Alternatives and in the US the largest intergenerational transfer of wealth in history. This, combined with JTC's leading proposition, exceptional management, shared ownership culture and access to long-term capital, creates an outstanding opportunity to build one of the world's leading FACTS platforms."
Permira plots £700m bid for upmarket gyms operator Third Space. Tuesday, 4 August 2026 14:30 By Mark Kleinman, City editor The buyout firm Permira is among a pack of bidders pursuing a possible £700m takeover of Third Space, the upmarket London-based health clubs operator. Sky News has learnt that Permira, which has backed premium consumer brands such as Dr Martens, Hugo Boss and Valentino, has begun working on an offer for Third Space ahead of a deadline for formal bids later this year. If it proceeds with a formal bid, the private equity group is likely to face stiff competition from rival bidders attracted to Third Space's rapid growth. The gyms and wellness company operates 15 clubs across the capital, with a plan to double that number by the end of 2031. The rapid expansion of its footprint and profitability has marked Third Space out in a sector often characterised by sluggish growth. Third Space is owned by KSL Capital Partners, an American private equity firm, which appointed Goldman Sachs to handle an auction earlier this year. Sources said its valuation ambitions ranged from between £700m to as high as £1bn. Third Space operates sites in the City and Soho, as well as more suburban locations such as Clapham Junction and Wimbledon. They are positioned at the luxury end of the gyms market, offering HYROX, hot yoga and dozens of other classes to members. KSL acquired a stake in the business in 2021, acquiring a majority stake from Encore Capital, another investment firm. Last October, Third Space secured £75m in debt finance from Oaknorth, alongside Searchlight Capital, another existing lender, to help fund its expansion. "We are seeing exceptionally strong demand for Third Space memberships, with most of our clubs operating with waiting lists," Colin Waggett, chief executive, said last autumn. "Our business sits at the heart of Londoners' desire for health and fitness, authentic experiences and luxury service, and Third Space is uniquely positioned to meet these demands." Permira declined to comment.
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams. Advertisements Nikolas Kokovlis | Nurphoto | Getty Images Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant's push into cybersecurity as banks confront a surge in artificial intelligence-powered scams and account takeovers. Under the deal, Visa will get BioCatch's behavioral biometrics platform, which analyzes data including keystroke timing, touch screen pressure and other signals to distinguish real users from scammers and bots. Visa said it is acquiring the firm from London-based private equity firm Permira and other investors. The acquisition underscores how payments companies are racing to strengthen fraud defenses as generative AI makes attacks cheaper, faster and more convincing. Visa estimates that scams and account takeovers cost the global economy more than $1 trillion annually. It is also the latest move by Visa to expand its value-added services business, which sells fraud prevention, cybersecurity and analytics software to financial institutions and has become one of the company's fastest-growing divisions. "BioCatch will help our clients stop fraud before it reaches the point of payment," Andrew Torre, Visa's president of value-added services, said in a statement. The acquisition is expected to close by the end of Visa's fiscal second quarter in 2027, subject to regulatory approvals. Other financial terms weren't disclosed. While the Israeli startup said it currently protects 760 million users across roughly 350 banks, Visa's global rails connect nearly 14,500 financial institutions, processing over 329 billion transactions annually worth more than $17 trillion. In a blog post accompanying the announcement, BioCatch said joining Visa will allow it to scale its impact amid a rising tide of global fraud. "The reality is, as a society and industry, we are not winning this fight," the firm said. "The value of fraud and scam losses and the number of fraud and scam attempts, mule accounts, and victims of these financial crimes all continue to grow (in some cases, exponentially) every year, all around the world." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Permira has made a significant investment in CDP, transforming the environmental disclosure platform into a commercial entity. This marks Permira's first investment under its Energy Transition strategy and will support CDP's growth through capital investments in people, technology, and data services. Under the deal, CDP will operate as a commercial enterprise backed by Permira, whilst a separate charitable wing, CDP Foundation, will focus on advancing science-led environmental disclosure. The transaction signals a broader structural shift in the ESG data market, where mission-led organisations are being reshaped as commercially run platforms. The top five ESG data providers now control nearly 75% of the market. This commercialisation trend has prompted regulatory attention, with the UK's FCA launching an oversight regime for ESG ratings providers in December 2025 to address concerns about conflicts, opacity, and market concentration.