By Elliot Gulliver-Needham Private equity firm Cinven has bought a majority stake in fund administrator Alter Domus from Permira in a €4.9bn (£4.2bn) deal. The Luxembourg-based firm provides a range of services to fund management groups dealing in private equity, real assets and private debt, such as handling administrative issues. Beginning as a spin-off from PwC in 2003, the administrator focuses entirely on alternative assets and has over $2.5trn in assets under administration. The FT reported that Cinven’s stake represented a majority of the 5,000-employee-strong business. Permira first to…