General Atlantic
Temasek, General Atlantic execs depart to launch independent fund
Head of Temasek India Manish Kejriwal and General Atlantic Managing Director Sunish Sharma have reportedly resigned their positions to spin off their own independent fund.
Chinese outbound M&A: Unfamiliar territory
Ever more Chinese firms are engaging in overseas M&A, with varying degrees of success. Prospective sellers must be aware of the risks as well as the opportunities
General Atlantic backs Chinese tea company's IPO
General Atlantic has committed around $54.3 million to Chinese tea company Tenfu Holdings’ $182 million IPO in Hong Kong. The US private equity firm agreed to come on board as a cornerstone investor, taking about 73 million shares at HK$5.8 apiece,...
NEA considering Flipkart investment - report
NEA, the US venture capital firm is considering an investment in Bangalore-based Flipkart, an online retailer of books, mobile phones and other consumer goods. Investment bankers familiar with the situation told The Business Standard that the company...
Sun Art listing delayed due to prospectus oversight
The Hong Kong listing of China’s largest supermarket operator Sun Art Retail Group has been postponed nearly two weeks due to an error in its IPO prospectus. The company, which recently priced its offering at the top end of the range to raise $1.1 billion,...
Sun Art raises $1.1b in Hong Kong IPO
Sun Art Retail Group, China’s largest supermarket operator, raised $1.1 billion through its Hong Kong IPO after pricing shares at the top of the indicative range.
Blackstone-backed Bluestar relaunches IPO efforts
Bluestar Adisseo Nutrition Group, which is part-owned by Blackstone Group, is targeting a $1.5 billion dual listing in Hong Kong and Paris, the Wall Street Journal reported, citing people familiar with the situation.
Renren set for IPO following delay
Venture-backed Renren.com – touted as China’s answer to the social networking site Facebook – has delayed its highly anticipated IPO on the NYSE from Tuesday evening to Wednesday, for undisclosed reasons.
General Atlantic's MD Raul Rai resurfaces at Fidelity Growth Partners - reports
Fidelity Growth Partners India has reportedly appointed General Atlantic Partners' recently departed MD Raul Rai as Managing Director, charged with heading its PE business.
VC-backed social networking giant Oak Pacific next in line for IPO
Oak Pacific Interactive is the latest VC-backed Chinese powerhouse with aspirations of a public listing in 2011, with reports suggesting that an IPO may be launched as early as the first quarter.
TPG Capital, General Atlantic aiming to raise $200 million from Lenovo share sale: reports
TPG Capital, including its onetime subsidiary Newbridge Capital, and General Atlantic are planning to sell 282,263 million shares in investee Lenovo Group Ltd. on the Hong Kong Stock Exchange, aiming to raise up to $200 million, according to reports.
GA makes partial exit from China's Zhongsheng Holdings, gets $64 million
General Atlantic (GA) has sold a portion of its holdings in Zhongsheng Group Holdings Ltd., an automobile dealer group in China, which launched $370 million IPO in Hong Kong this year, making an estimated $64 million, according to reports.
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...
PE backed SouFun hits top of range for NYSE IPO
SouFun Holdings Ltd, China's No. 2 online real estate website, has sold 2.9 million American Depositary Shares for $42.50 each, raising $124.7 million in its NYSE IPO, hitting the top end of the company’s expected price range of $40.50-42.50.
Summer heat
The traditional quite midsummer seems to have been anything but. All kinds of things appear to have been happening through mid-August, as dealmakers and fundraisers brave the heat to keep the momentum going that has already left the last quarter looking...
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.
Angel Broking seeks PE capital
Indian stock broking and wealth management firm Angel Broking has reportedly approached private equity firms to raise $64 million through the sale of a minority stake.
Rai may leave GA in Mumbai for own firm
General Atlantic's Mumbai-based Managing Director Raul R. Rai may be on the point of leaving the VC major to found his own private equity firm.
General Atlantic may see Patni founders exit to NTT
General Atlantic may see the founding entrepreneurs in Indian investee Patni Computer Systems sell their combined 46.5% stake to Japan's NTT Data Corp., for up to $936 million.
Caveat emptor
Only a few weeks ago it was all looking so easy for Asia Pacific dealmaking.
The mill wheels churn
Two big investments in one week follow two major trade sales in the previous week.
Asian Genco power win sets no precedent
Test case for India infrastructure a landmark and an anomaly
GA, Oak Hill in $417 million Genpact stake sale
General Atlantic and Oak Hill Capital Partners are reportedly due to sell some of their remaining stakes in Indian NYSE-listed BPO major Genpact, in a transaction totalling some $417 million.
GA investee Zhongsheng IPOs at bottom end
General Atlantic China investee car dealer Zhongsheng Group has reportedly priced its Hong Kong IPO, formerly planned to raise $800 million-$1 billion, close to the bottom of its range, with a yield of around $369 million.