Apax, General Atlantic to support SouFun float
European private equity major Apax Partners and US large-scale VC leader General Atlantic are to jointly underwrite the NYSE IPO of leading PRC real estate portal SouFun Holdings, 51% invested by Australian telecom incumbent Telstra Corp.
Apax and GA, as well as two other SouFun stakeholders, have agreed to pick up any shortfall in the IPO float, or to purchase the entire 51% stake, with the value of the entire company estimated at some...
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