General Atlantic and Warburg Pincus Make Strategic Growth Investment in Network International as The Abraaj Group Exits 5-year Investment
Network International (the “Company”), a leading payment solutions provider in the Middle East and Africa, today announced that affiliates of global investment firms Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in the Company from The Abraaj Group (“Abraaj”). Emirates NBD will continue to own a 51% stake in the Company.
IIFL Holdings Limited (Bloomberg: IIFL IN), announced today that General Atlantic, a leading global growth equity firm, will make a strategic investment to become a minority shareholder in its wealth subsidiary, IIFL Wealth Management Limited (“IIFL Wealth”), one of India’s leading wealth management companies. General Atlantic’s investment will help to support the company’s continued growth and platform expansion as the premier wealth management company in India.
Avant, one of the nation’s fastest growing marketplace lending platforms, announced today it has signed a definitive agreement related to a $325 million Series E equity finance round and expects to close the transaction in mid-October. The funding round is being led by global growth equity firm General Atlantic, with additional participation from Balyasny Asset Management and J.P. Morgan. Existing investors Tiger Global Management and August Capital are expected to participate in the financing round as well as RRE Ventures and DFJ Growth.
General Atlantic, a leading global growth equity firm, announced today that Fock Wai Hoong, formerly of CVC Capital Partners, has joined General Atlantic as head of the firm’s Southeast Asia investing program. Mr. Fock will be based in the firm’s Singapore office.
General Atlantic, a leading global growth equity firm, announced today that it has opened an office in Mexico City, its second office in Latin America. Under the leadership of General Atlantic’s dedicated Mexican-born investment team, the Mexico City office will work closely with the firm’s larger Latin American team, its Brazil office, and the entire General Atlantic global network.
Adyen, a leading global payments technology company, today announced it has closed $250 million in funding. The funding round was led by global growth equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures.
Two innovative, Chicago-based online brokerage firms OptionsHouse LLC, a subsidiary of PEAK6 Investments, L.P., and tradeMONSTER, a subsidiary of tradeMONSTER Group, Inc.today announced definitive agreements to combine under a new standalone company, creating a market leading brokerage for active traders and investors. The combination of OptionsHouse and tradeMONSTER will bring together two dynamic companies that offer customers fast, reliable execution, ease of use, and superior value delivered seamlessly across desktop and mobile devices.
Jan-Michiel Hessels, Former NYSE Euronext Chairman, Joins General Atlantic as Special Advisor Based in the Netherlands
General Atlantic LLC (GA), a leading global growth equity firm, today announced that Jan-Michiel Hessels, former Chairman of NYSE Euronext, has joined the firm as a Special Advisor in Europe based in Amsterdam, the Netherlands. Mr. Hessels brings over 30 years of experience across many industries to the role, and will work closely with GA’s global investment team to identify new investment opportunities as well as provide strategic support for the firm’s portfolio companies.
Gene Lockhart, MasterCard’s Former Global CEO and President, Named Special Advisor to General Atlantic
General Atlantic ("GA"), a leading global growth equity firm, announced today that it has appointed Gene Lockhart as a Special Advisor. An executive and investor with significant experience across a wide range of businesses within the financial services industry, Mr. Lockhart will be working closely with GA’s Financial Services sector to identify new investment opportunities and provide strategic support for its portfolio companies.
Hyperion Insurance Group, the international insurance intermediary group, is pleased to announce that global growth equity firm, General Atlantic, has completed the acquisition of just under 30% of the shares in Hyperion from 3i and BP Marsh. The transaction values the company at an equity value of £250 million.
Santander Reaches Agreement with Warburg Pincus and General Atlantic to Grow Its Global Asset Management Business
Banco Santander has entered into a definitive agreement with affiliates of leading global private equity firms Warburg Pincus and General Atlantic to boost the global growth of its asset management unit, Santander Asset Management (SAM). Under the agreement, which is conditioned upon regulatory and corporate approvals, Warburg Pincus and General Atlantic will jointly hold a 50% stake in a holding company that will integrate SAM's eleven asset management companies in the countries in which it operates. The remaining 50% will be owned by Grupo Santander.
Hyperion Insurance Group, the international insurance intermediary group, is pleased to announce that global growth equity firm, General Atlantic, has signed an initial agreement to acquire just over 30% of the shares in Hyperion. The transaction values the Company at an equity value of £250 million.