Bruce Chizen, Adobe Systems’ chief executive officer from 2000 to 2007, has been hired as a senior advisor by UK-headquartered buyout group Permira.
Chizen will also join the board of NDS, a company supplying software for satellite television set-top boxes, which Permira recently acquired in a $3.7 billion take-private. The NDS deal, in which Permira bought 51 percent of the business with the remainder being acquired by Rupert Murdoch’s media conglomerate News Corporation, completed last week.
Technology has always been a key sector for Permira, constituting around a quarter of its portfolio, and last summer the firm extended its international office network to Silicon Valley hub Menlo Park, California.
Further to the appointment of Chizen as advisor, Permira has hired Brian Ruder as partner in the Menlo Park office. Ruder, previously of Francisco Partners and Hellman and Friedman, will join Richard Sanders, a 10-year veteran of Permira’s technology team. Sanders, who is tasked with building Permira’s technology team, was based in London until last summer.
Other members of Permira’s Menlo Park team include Ignacio Faus, who relocated from Permira’s Madrid office, and Michael Nevens, former head of McKinsey & Co’s global technology practice.