Permira exits BioCatch in $2.4bn sale to Visa
Permira has agreed to sell fraud prevention software provider BioCatch to Visa in an all-cash transaction valuing the business at approximately $2.4bn, marking the private equity firm's fifth strategic exit of 2026.
Permira has sold fraud prevention software company BioCatch to Visa in a $2.4 billion all-cash deal, marking the private equity firm's fifth strategic exit in 2026. Over three years, Permira invested in BioCatch, expanding its global presence and focusing on AI-powered fraud detection. BioCatch's revenue nearly tripled and gross profit more than tripled under Permira's ownership.
The company now serves over 350 financial institutions, analyzing 19 billion digital sessions monthly to protect 760 million consumers from fraud and financial crime. Permira's partner and Global Head of Ascent, Stefan Dziarski, praised the investment for strengthening BioCatch's technology leadership and global reach. The sale comes amid active M&A activity in cybersecurity and financial technology sectors, driven by demand for AI-enabled platforms to combat sophisticated fraud threats. The transaction awaits regulatory approvals and closing conditions.
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