02.2. As at 31 December 2016, Permira operated offices in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Seoul, Shanghai, Stockholm and Tokyo. Permira's Dubai (DIFC) office was closed during 2016.
02.3. Total FTEs includes c.167 investment and organisational professionals and c.55 support staff (as at December 2016). This also includes 24 FTEs for Permira Debt Managers Limited (PDML).