Apax and GA confirm 19% each of SouFun for $163 million apiece
European private equity firm Apax Partners and US large-scale VC leader General Atlantic (GA) formally announced the completion of their acquisition plan to each take a 19% stake in SouFun, the Chinese real estate classifieds website that just went public on the NYSE, with the value of each stake around $163 million.
The seller of the stake was Australian telecom major Telstra International Holdings, which owned 51% of SouFun. Tom Hall, Partner and co-Head of the Apax Global Media Team, will join the board of SouFun,...
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