General Atlantic related stories
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TPG buys into Danish bankUS buyout group TPG Capital has backed Nordic lender Saxo Bank, investing $560m in equity for a 30% stake, and providing an exit for private equity peer General Atlantic.
- TPG deal highlights Russian opportunity
The largest Russian private equity deal in years could help quell fears of corruption and political risk that have kept investors out of the country for decades.
- Blackstone bets big on healthcare
The firm has a history of large healthcare-related investments, including last week’s $3bn take-private of medical payment manager Emdeon, representing the firm’s fourth largest deal since 2007.
- Report: Ex-Providence director joins Mary Ma at Boyu
Sean Tong has added his name to the ever-growing list of Chinese nationals leaving Western private equity groups’ Asia operations to strike out on their own.
- Fashion sale nets 40% IRR for Palamon
In its seventh exit in the last year, growth investor Palamon has sold an online fashion retailer to Spanish strategic buyer Privalia.
- TPG Asia partner Mary Ma to depart
Ma, who was CFO of Lenovo prior to joining TPG, is reportedly setting up a fund with Louis Cheung, president of Chinese insurer Ping An.
- Report: Morgan Stanley to invest $200m in Isolux Corsan
The $4bn infrastructure fund is reportedly seeking an equity stake in the Indian subsidiary of the Spanish construction company, which is active in the country’s burgeoning roads sector.
- GA makes $200m debut Russian investment
Growth capital investor General Atlantic has invested $200m for a minority stake in internet security firm Kaspersky Labs.
- Indian exits reach record high in 2010
Private equity firms exited a record 121 companies in India during 2010, while investments almost doubled to $7.97bn from the 2009 figure, according to recent data.
- Apax’s iGate bids $1.2bn for Patni Computers
The Apax Partners-backed software firm iGate plans to take a majority stake in the Mumbai-based information technology company Patni Computers in a deal worth $1.2 bn.